Grayscale Bitcoin Trust revitalised following major court win
Grayscale Investments' recent court victory over the US Securities and Exchange Commission (SEC) has been a shot of good fortune for the beleaguered Grayscale Bitcoin Trust (GBTC). Having traded at a near-50% discount to its net asset value just months ago, GBTC, aka the world's largest bitcoin-only investment vehicle
Grayscale Investments' recent court victory over the US Securities and Exchange Commission (SEC) has been a shot of good fortune for the beleaguered Grayscale Bitcoin Trust (GBTC). Having traded at a near-50% discount to its net asset value just months ago, GBTC, aka the world's largest bitcoin-only investment vehicle with a $17.4 billion NAV, surged more than 20% on the over-the-counter markets on Tuesday.
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This article is for informational purposes only and does not constitute financial advice.