GBTC Discount Nears 50%, Crypto Investors Worry About Another Sell-Off
The Grayscale Bitcoin Trust (GBTC) is selling at a 48.62% discount, worrying investors and analysts. They believe a sell-off could be imminent as DCG also faces financial issues. Analysts and investors believe that this could trigger a selloff. The crypto community is seeing its anxiety stoked as Grayscale’s GBTC is nearly at a 50% discount. As of Dec. 9, its GBTC discount or premium to NAV is at 48.62%. The GBTC shares are trading at $8.03. One of the primary reasons for its concern is the fact that sister company Genesis halted withdrawals following the collapse of FTX.
GBTC Discount Nears 50%, Crypto Investors Worry About Another Sell-Off
Source
https://t.me/Kucoin_Coins_Token
