Canada's Purpose Bitcoin ETF may be cutting into Grayscale's market share

Cointelegraph

Published Apr 01, 2021 09:55PM ET

Updated Apr 01, 2021 11:40PM ET

For the first time, shares in Grayscale’s Bitcoin Trust traded at a discount compared to spot BTC for an entire month.

Rafael Schultze-Kraft, the CTO of on-chain analytics provider Glassnode, shared the observation to Twitter on April 1, noting shares in the institutional fund manager’s Bitcoin Trust had traded at a notional discount of -6% on average during March.

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