GBTC premium stays negative, suggests Bitcoin price sentiment still low?

GBTC premium stays negative, suggests Bitcoin price sentiment still low?

GBTC premium stays negative for over three months as its holdings decline gradually, while BTC price struggles around the $37,000 mark. Bitcoin (BTC) is facing difficulty breaching the $40,000 mark again after briefly crossing it on May 26. The cryptocurrency is currently exchanging hands at around the $36,000 mark, which is a 44% drop from its all-time high of $64,889 on April 14. Among others, a key difference between macroeconomic conditions affecting the cryptocurrency market as a whole is institutional demand.One of the key investment vehicles for set demand is the Grayscale Bitcoin....


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GBTC premium matches Bitcoin price crash levels as unlocking fear fades

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Dropping GBTC Premium: Anonymous Group Claims Blockfi Facing Solvency Issues ...

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Is Grayscale Bitcoin Trust’s Demise Inevitable? GBTC Premium Negative for a C...

Since February, Grayscale Bitcoin Trust (GBTC) has continued to trade at a negative premium. The Bitcoin fund, available to institutional investors on the traditional stock market, has traded below the price of Bitcoin since February 22, 2021 — a telling sign that its demand was drying up. Just four months ago, GBTC”s premium was at a whopping 33.12%. Since then, its premium has fallen into a downward spiral, hitting an all-time low of -14.34% on […]