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GBTC Share Price Soars, Discount Narrows to Multi-Month Low on BlackRock ETF Spot Bitcoin Filing Optimism

Altszn.com by Altszn.com
June 20, 2023
in Bitcoin
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GBTC Share Price Soars, Discount Narrows to Multi-Month Low on BlackRock ETF Spot Bitcoin Filing Optimism
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The surge came as investors turned optimistic about being able to redeem funds in the future, and Grayscale potentially winning an on-going lawsuit against the U.S. Securities and Exchange Commission (SEC) about converting the fund into an ETF after news about BlackRock’s filing for an ETF. GBTC doesn’t allow redemptions at the moment, which led to a price discount.



Read More: www.coindesk.com

Tags: BitcoinBlackrockBTCdiscountETFfilingGBTCmultimonthNarrowsOptimismPriceshareSoarsSpot
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