Grayscale Bitcoin Trust Discount Narrows to Lowest Since May 2022
The discount has been narrowing on hopes the SEC might soon approve a spot bitcoin ETF.
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The discount has been narrowing on hopes the SEC might soon approve a spot bitcoin ETF.
The trust’s trading volume increased to $45 million in June.
Investors turned optimistic about Grayscale allowing redemptions in the future after BlackRock’s filing for spot bitcoin ETF last week, one analyst said.