Mar 6, 6:16 pm
Coindesk
Investors Buying GBTC in Anticipation of a Positive Outcome From Grayscale’s ETF Appeal
The Grayscale Bitcoin Trust (GBTC) discount to net asset value (NAV) has fallen to its lowest level in a month, as Grayscale appeals the SEC’s decision to deny the conversion of the trust into an exchange-traded fund (ETF). Investors are buying GBTC ahead of the hearing, hoping for a positive outcome that would narrow the discount.
