The largest Bitcoin fund just hit a record -35% discount – a warning for BTC price? Via Cointelegraph

The largest Bitcoin fund just hit a record -35% discount – a warning for BTC price?

Grayscale Trust (GBTC), a cryptocurrency fund currently holding 3.12% of total Bitcoin (Bitcoin) offering or above 640,000 BTC is trading at a record discount to the value of its underlying assets.

As of Sept. 23, the $12.55 billion closed trust was trading at a discount of 35.18%, according to the latest data.

GBTC discount compared to spot price. Source: YChartsGBTC daily chart. Source: TradingViewGBTC 12-month adjusted Sharpe Ratio. Source: PortfolioSlab.comFund flows by provider. Source: CoinSharesNDAQ vs. BTC/USD daily price chart. Source: TradingView versus 10-year and 2-year US Treasury yields. Source: TradingViewBTC/USD eight-hour price chart. Source: TradingView/Capo of Crypto

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