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What happened to the GBTC premium?

Bitcoin • March 22, 2021, 3:20PM EDT
UPDATED: November 29, 2021, 10:40AM EST
theblock

Quick Take

  • Last month the Grayscale Bitcoin Trust began trading at a discount for the first time ever.
  • New competition and selling pressure are major factors behind the trend.
  • What happened to the GBTC premium — and will it ever come back?
Last month Grayscale's GBTC started trading at a discount — for the first time in its nearly six-year history.
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