GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday

Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg

Laurent Kssis, a crypto trading adviser at CEC Capital, said that with GBTC trading at such a discount it makes sense to hold some of the shares, however, traders must be brave if bitcoin’s price continues to slide. Kssis said that he is not hearing of investors buying more GBTC shares today ahead of tomorrow’s hearing, but he is seeing most investors hedging against a possible drop in bitcoin’s price.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.