Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low

Cointelegraph

Published May 13, 2022 08:35AM ET

Updated May 13, 2022 10:20AM ET

Bitcoin (BTC) descending to $24,000 has cost its largest institutional investment vehicle more than the average hodler.

According to data from on-chain monitoring resource Coinglass on May 13, the Grayscale Bitcoin Trust (GBTC) is now trading at a nearly 31% discount.

GBTC premium vs. asset holdings vs. BTC/USD chart. Source: Coinglass
Purpose Bitcoin ETF BTC holdings vs. BTC/USD chart. Source: Coinglass

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