BlackRock's Bitcoin ETF Filing Boosts GBTC Share Price and Institutional Investor Sentiment.
TL;DR Summary
Grayscale Bitcoin Trust's (GBTC) share price rose past $16 for the first time since May 10, and the discount on GBTC's share price relative to net asset value narrowed to as low as 33% during the morning, the lowest level since last September, amid optimism about converting the fund into an exchange-traded fund (ETF) after BlackRock filed for a spot bitcoin ETF. Rumors also emerged about Fidelity possibly filing for a spot BTC ETF or acquiring Grayscale.
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