Grayscale GBTC’s Discount Exceeds 45%
According to data from yCharts, the decrease in the price of the Bitcoin Trust (GBTC) from Grayscale Investments relative to NAV has reached a record 45.17%.
Remember that Grayscale Investment manages 632,078 BTC valued at about $10.5 billion, which is 3.28% of the market capitalization of BTC.
Regarding the company’s Ethereum-based trust, it has a 59.3% discount to NAV.
The company, which was founded by Barry Silbert, also manages Ethereum Classic (ETC) worth $190.8 million, which is 8.5% of the altcoin’s market capitalization. The decrease in quotes relative to net worth in this case is 76.69%.
The GBTC discount started to form at the beginning of last year after Barry Silbert left the position of CEO.