Insights

GBTC shares jump 10% in twelve days, narrowing discount to 40%

exchange68September 13, 2024

0 3 1 minute read

Quick Take

The discount for GBTC is currently a whopping 40%, following a fall as low as 50%, which was the most significant discount on record.
GBTC trades at a premium when shares are changing hands at a higher price than the underlying BTC.
Conversely, if GBTC shares are trading below the net asset value (NAV), GBTC is deemed at a discount.
The current 40% discount would price Bitcoin at $12,794
For more information on the GBTC premium trade, see our latest market report

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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