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coinpedia 2023-10-27 05:49:25

How FTX’s Decision to Liquidate GBTC Holdings May Affect Its Discount

The post How FTX’s Decision to Liquidate GBTC Holdings May Affect Its Discount appeared first on Coinpedia Fintech News This year, GBTC shares rose 220% to $26.79, indicating early adoption plans of investors. The main catalyst behind this is the discount on Grayscale’s Bitcoin Trust (GBTC) that significantly narrowed from last year’s 50% to around 15% as Bitcoin regains its bullish momentum and hope builds that the U.S. Securities and Exchange Commission (SEC) may …

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