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The Grayscale Bitcoin Trust (GBTC) discount has hit a two-year low of 7.90% as the trust's shares approach parity with BTC. The reduction in the discount reflects the market's confidence in Grayscale's efforts to transform the fund into a spot Bitcoin ETF, which is being negotiated with the SEC. #BTC #Blast #Onchain #RichardTeng #etf

The Grayscale Bitcoin Trust (GBTC) discount has hit a two-year low of 7.90% as the trust's shares approach parity with BTC.

The reduction in the discount reflects the market's confidence in Grayscale's efforts to transform the fund into a spot Bitcoin ETF, which is being negotiated with the SEC.

#BTC #Blast #Onchain #RichardTeng #etf

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