GBTC announces plans to convert to an ETF which should help close the -9% NAV premium gap
Apr 5, 2021
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The largest U.S. exchange traded products, GBTC and ETHE, for the largest two crypto assets, Bitcoin and Ethereum, have been trading at a persistent discount to their NAV for a little over a month, with GBTC sitting around -9% and ETHE sitting around -5%.
Source: Bloomberg (Date: 4/5/2021)
Much of the discount has been the result of investors expecting a U.S. listed Bitcoin ETF in the near future after the approval of several in Canada and the several recent ETF applications in the U.S.
Source: CNBC
This morning, Grayscale Investments, the parent company of the...