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Grayscale Bitcoin Trust Trades 35% Lower Than BTC Price After ETF Denial

Grayscale Bitcoin Trust Trades 35% Lower Than BTC Price After ETF Denial – Decrypt

Shares of the Grayscale Bitcoin Trust were trading at an unprecedented discount of 35% following the Securities and Exchange Commission’s rejection of its application to transition into a spot market Bitcoin ETF. The circumstance is ironic, given that the existing discount was one of Grayscale’s primary arguments for why the transition needed to take place.








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