What does the decline in Grayscale GBTC premium mean? (Where to check the Grayscale GBTC premium)
What does the decline in Grayscale GBTC premium mean? Grayscale announced that i
What does the decline in Grayscale GBTC premium mean? Grayscale announced that it will convert cryptocurrency investment funds such as Bitcoin and Ethereum into Grayscale’s stablecoin and begin secondary market trading of underlying assets. As of 14:00 today, Grayscale Investments (hereinafter referred to as “the institution”) holds digital tokens (including Bitcoin, Ethereum, and Litecoin) worth over 2 trillion dollars. In the past 12 months, over 2 billion dollars of investment has been made into GBTC or other trust products. According to the latest news, the GBTC premium has decreased from 3.8% to 3.52% as of November 25th. (Cointelegraph)
Where to check the Grayscale GBTC premium
According to the official website of Grayscale Investments, the current asset under management of the Grayscale Bitcoin Trust has reached approximately 1 billion dollars. However, in recent times, its market value proportion has not changed much or has been growing, but rather showing a certain premium trend. So, what is a premium? Simply put, it is the difference between the yield and the price when investors purchase Grayscale’s investment portfolio. Therefore, if users convert their digital currencies into GBTC shares under Grayscale, this premium will be evident.
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