Cryptocurrency News

Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low

2022.05.13 17:21

Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low
Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low

Bitcoin (BTC) descending to $24,000 has cost its largest institutional investment vehicle more than the average hodler.

According to data from on-chain monitoring resource Coinglass on May 13, the Grayscale Bitcoin Trust (GBTC) is now trading at a nearly 31% discount.

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