GBTC shares jump 12%, narrowing discount to 38%

Grayscale’s Bitcoin Trust (GBTC) stock price surged 12% to $9.65 on Jan. 9, according to YCharts, with the net worth discount rate narrowing to 38.55%. data.

David Bailey, CEO of Bitcoin Magazine, said: motion It’s labeled “Redeem GBTC”.

The goal of the campaign is to reduce GBTC’s 2% administration fee, find a credible avenue to create redemptions that have minimal impact on Bitcoin, and find new sponsors for credibility.

Bailey murmured On January 9th, the campaign was heard from 2,000 investors representing 25% of GBTC shares. he is very interested in the campaign received Institutional support.

Community concerns over GBTC increased after GBTC shares traded at a record 50% discount in December. Speculation about the financial health of parent company Digital Currency Group (DCG) has increased following recent events in the crypto industry.

Post GBTC stock surges 12%, shrinking discount to 38%, first to CryptoSlate.

Leave a Reply

Your email address will not be published. Required fields are marked *