What Does Grayscale’s GBTC Falling Premium Tell us About Bitcoin Price?

The premium on Grayscale Bitcoin Trust shares has dropped despite the recent recovery in the Bitcoin price. Is this a bearish sign? Grayscale’s Bitcoin Trust shares (GBTC) are currently trading at $7.49 per share, a 15.81% premium of Bitcoin. GBTC is the first publicly quoted security “solely invested in and deriving value from” Bitcoin and since listing it has been known to trade at a high premium, having hit a 2020 high of 41.42% on Feb. 18. The premium is usually accentuated when prices are high. The […]
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