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The Grayscale Bitcoin Trust (GBTC) has made a name for itself in the public markets as not only the first-ever publicly traded trust underlined by a cryptocurrency, but it is also the largest bitcoin trust in the world. However, Grayscale has not had an easy go of it in the last as it had been trading at a discount. This discount has continued to widen through 2022 and has reached a new all-time high, presenting unique opportunities.
GBTC Discount Reaches 36.2%
The Grayscale Bitcoin Trust (GBTC) had been seeing a steady decline in its discount to its NAV in the first two quarters of 2022, but that changed as the third quarter drew to a close. September has been a historically bearish month for the crypto markets, and the GBTC also felt
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