Quick Take
This past week has been chock-full of significant events within the financial and cryptocurrency markets, with potential global ramifications. In an episode earlier this week, Cointelegraph erroneously announced the approval of BlackRock’s spot Bitcoin ETF, which sent Bitcoin from roughly $27,500 to $29,000.
Grayscale Bitcoin Trust (GBTC) experienced a contraction in its discount to net asset value (NAV), reducing it to 12%. This movement suggests that investors are potentially anticipating approval of a spot Bitcoin ETF in the near future.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased