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As of Wednesday, GBTC traded at a 35.7% discount to the value of its bitcoin holdings, according to data from YCharts. That's up from a discount closer to 45% at the start of this month.
In exchange, current GBTC shareholders will get stock in the Mini Trust, the company said. Since January, GBTC has seen capital outflows of $11.05 billion, according to data from crypto research ...
Bitcoin Trust shares bought in January are unlocked next month, and the incentive to reinvest is relatively low.
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
GBTC may refer to: Grayscale Bitcoin Trust; Greater Boston Track Club This page was last edited on 19 January 2024, at 20:20 (UTC). Text is available under the ...
But because the structure of the trust also meant that investors could not redeem the shares of GBTC for the price of the underlying Bitcoin, the shares began trading at a discount in early 2021 ...
Big Bear Stores was an American regional supermarket chain operating in the U.S. states of Ohio and West Virginia between 1933 and 2004. The company was founded in Columbus, Ohio, and was headquartered there until its acquisition by Syracuse, New York–based Penn Traffic in 1989.
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