🚀 The discount of #GBTC compared to the price of #bitcoin

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🚀 The discount of #GBTC compared to the price of #bitcoin has decreased from 43% to 16.5% since June 2022. Coinciding with BlackRock's application for approval of #ETF Bitcoin spot. - GBTC was established in 2013 by the company #Grayscale Investments, it operates like an ETF but is not a real ETF. Each GBTC certificate represents a specified amount of Bitcoin, listed and publicly traded on the OTC market - The sharp decrease in discounts leads to many traditional investors being willing to invest in BTC through GBTC, which causes BTC prices to increase due to increased demand. - If a spot Bitcoin ETF is approved by the SEC, the gap between GBTC price and actual Bitcoin price could completely narrow. At this time, the market exploded even more.

🚀 The discount of #GBTC   compared to the price of #bitcoin   has decreased from 43% to 16.5% since June 2022. Coinciding with BlackRock's application for approval of #ETF   Bitcoin spot.
- GBTC was established in 2013 by the company #Grayscale   Investments, it operates like an ETF but is not a real ETF. Each GBTC certificate represents a specified amount of Bitcoin, listed and publicly traded on the OTC market
- The sharp decrease in discounts leads to many traditional investors being willing to invest in BTC through GBTC, which causes BTC prices to increase due to increased demand.
- If a spot Bitcoin ETF is approved by the SEC, the gap between GBTC price and actual Bitcoin price could completely narrow. At this time, the market exploded even more.