Grayscale Bitcoin Trust (GBTC) កំពុងជួញដូរនៅ ក បញ្ចុះតំលៃ ៨០% to the underlying assets’ net asset value (NAV) as of Feb. 15 — a record low for the current year.
GBTC shares are trading for $10.85 after increasing by 4.43% in the last 24 hours, according to ycharts ទិន្នន័យ.
Earlier in the year, the discount had closed to around 38.55% after community-led efforts to redeem the shares.
However, the discount began to widen again following the struggles of its parent company Digital Currency Group (DCG).
DCG’s trouble stems from the financial problems at one of its subsidiaries — Genesis — which បានដាក់ for bankruptcy on Jan. 19.
The crypto lender’s bankruptcy brought increased fears about the financial health of DCG and how it could impact Grayscale.
Since then, DCG has been trying to raise funds by selling some of its assets. The asset management firm លក់ចេញ $22 million of its shares in Grayscale’s Ethereum (សាកលវិទ្យាល័យ ETH) fund. The company is also looking to offload its news outlet CoinDesk.
Meanwhile, other Grayscale cryptocurrency trusts are trading at higher discounts against NAV. Grayscale Ethereum Trust is at a 52.80% discount while Grayscale Ethereum Classic Trust is at a 68.13% discount, according to ycharts data.w
Source: https://cryptoslate.com/gbtc-discount-widens-to-highest-point-in-2023/