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This chart plots the average weekly premium in the total value of Bitcoin Trust shares (GBTC) to the Net Asset Value (NAV) of the Trust holdings of Bitcoin.
Jun 12, 2024 · The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is trading above or below its net asset value. This metric can be a valuable metric to track how far away a security is trading away from its true value.
DateValueJune 18, 2024-0.02%June 17, 20240.03%June 14, 20240.03%June 13, 2024-0.05%Grayscale Premium page is a tool that displays the difference between the primary market and secondary market prices of Grayscale Bitcoin Trust products.
GBTC is one of the first spot Bitcoin ETF in the US. A spot Bitcoin ETF is solely and passively invested in Bitcoin, whose shares are designed to reflect the value of BTC held by the Trust, determined by reference to the Index Price, less the Trust's expenses and other liabilities.
- What Is GBTC Premium?
- The Way to Calculate GBTC Premium
- GBTC Premium and Financial Markets Trading
- What Are The Usages of GBTC?
- What Are The GBTC Competitors?
- A Brief Introduction to Grayscale!
As we explained to you at the beginning, to create a legal way toinvest or trade in the Bitcoincryptocurrency market through the stock market, the GBTC financial instrument was developed by Grayscale. Another feature of Grayscale GBTC is the Premium. The term “Premium” added to the name of this Bitcoin trust refers to the difference in the value of...
One of the questions for many users is how to calculate the GBTC Premium. In the previous section, we mentioned that the premium value is a function of supply and demand and is not determined by the organization. The following formula can be used to calculate GBTC Premium: – The value 0.00099727 represents the number of bitcoins available per share...
One of the important usages of GBTC is to enable arbitrage transactions for traders of this instrument. In this way, users can receive Bitcoin loans and exchange them for GBTC shares, and after the waiting period ends, trade GBTC shares in the market with its premium would be available to sell. Finally, with the profit of this transaction, they can...
One of the challenges of entering the cryptocurrency market is the lack of correct and reliable legislationfor this market. This issue is very important for big financial market investors or users who want to avoid any tax risk. To solve this problem and create a way for capital to enter the Bitcoin or other cryptocurrencies market through the stoc...
In the financial markets, another product is offered under the name of ETF for traders and investors. As in the article “What is a Bitcoin ETF?” We have explained to you, ETFs are tradable investment funds. ETF funds are a type ofinvestment fund that consists of various classes and assets, and these funds are traded in global markets like stocks. E...
In 2013, the Digital Currency Group company, which is active in the cryptocurrency market investment industry and is known as DCG, opened an investment fund as its sub-series called Gary Scale by Barry Silbert. The remarkable success of this investment fund was accompanied by the growth of the price of the Bitcoin and as a result the increase in th...
The premium formula: (GBTC/.00095028 - BTC)/BTC * 100. For example, using the closing prices of GBTC and BTCUSD for Dec 28: (30.45/.00095028 - 27040)/27040 * 100 = 18.5 % premium. Secondly, to find out how much your shares of GBTC equals in terms of BTC simply use that same multiplier. So if, for example, you have 500 shares: 500 * .00095028 ...
Jun 18, 2024 · CoinGlass provides the latest data on the asset size, holdings, and premium situation of the Grayscale Bitcoin Trust, as well as charts and analysis of historical performance and returns.
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