Express

Grayscale Bitcoin Trust Suspends Private Placement Following Negative Premium

Mary Liu

Summary: The asset management company Grayscale's Bitcoin Trust (GBTC) has suspended accepting new investments.  The official webpage prompts: "GBTC private placement is offered on a periodic basis throughout the year and is currently closed."  The fund saw its negative premium since the beginning of March. According to data from YCharts, the GBTC premium to NAV fell ...

The asset management company Grayscale's Bitcoin Trust (GBTC) has suspended accepting new investments. 

The official webpage prompts: "GBTC private placement is offered on a periodic basis throughout the year and is currently closed." 

The fund saw its negative premium since the beginning of March. According to data from YCharts, the GBTC premium to NAV fell to the lowest level of -11.5% on March 4 and currently narrowed to -3.22%.

By Mary Liu

Last Update:

Tags: ,,
Link: Grayscale Bitcoin Trust Suspends Private Placement Following Negative Premium   [Copy]
Next:

Related Articles

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 1 day ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 4 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 8 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 10 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 12 days ago

    • You need to login to comment.