Bitcoin $115,629.82 +0.41%
Ethereum $4,508.88 -0.53%
BNB $929.22 +1.31%
Optimism $0.76 +0.39%
Arbitrum $0.50 -0.52%
Solana $235.92 +0.46%
Polygon $0.22 +2.77%
Cosmos $4.48 -0.77%
Avalanche $30.56 +6.69%

Bitcoin $115,629.82 +0.41%
Ethereum $4,508.88 -0.53%
BNB $929.22 +1.31%
Optimism $0.76 +0.39%
Arbitrum $0.50 -0.52%
Solana $235.92 +0.46%
Polygon $0.22 +2.77%
Cosmos $4.48 -0.77%
Avalanche $30.56 +6.69%

GBTC ‘Elevator to Hell’ Sees Bitcoin Spot Price Approach 100% Premium

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC), is trading close to 50% below the BTC price on spot markets.

Data from on-chain analytics platform Coinglass confirms that on Dec. 8, GBTC shares hit a new record low of -47.2% against BTC/USD.

(By WILLIAM SUBERG)

GBTC BTC

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GBTC ‘Elevator to Hell’ Sees Bitcoin Spot Price Approach 100% Premium

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