Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Grayscale: After GBTC becomes an ETF and is listed, it will release approximately US$1.89 billion in value

Grayscale: After GBTC becomes an ETF and is listed, it will release approximately US$1.89 billion in value

CointimeCointime2023/12/01 23:48
By:Cointime

According to a blog post by Grayscale, in ETF form, GBTC's stock is expected to track Bitcoin's price more closely, which means any premium or discount in GBTC's stock price is expected to disappear. As of November 29, 2023, GBTC's assets under management were $23.4 billion, with a discount of 8.09%, or $1.89 billion. This means that assuming the current discount disappears, GBTC will release approximately $1.89 billion in value to investors through arbitrage mechanisms once it is listed on NYSE Arca and becomes an ETF.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

DEXs struggle to compete with CEXs as futures trading volumes shift back

DEXs face an uphill battle in the futures market.The following is an excerpt from The Block’s Data and Insights newsletter.

The Block2024/10/17 21:47