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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.
- 59.71Add to watchlist-1.07 (-1.76%)At close:4:00 PM EDTWed. May 29, 202459.93 +0.22 (+0.37%)Pre mkt:4:07 AM EDTThu. May 30, 2024Delayed Quote (USD) · Pre-Market Time
- Open60.27High60.43Low59.64
- Mkt CapN/AP/E (TTM)N/ADiv & YieldN/A & N/A
- Prev. Close60.7852 Wk. Low12.8652 Wk. High65.61
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2 days ago · GBTC is an ETF that invests in Bitcoin and tracks its performance. The premium or discount is the difference between the market price and the NAV per share of GBTC. See the historical premium / discount chart and the benchmark index performance.
Daily GBTC Premium/Discount to NAV. Live. BTCUSD. $67,685.41 -0.92% ETHUSD. $3,769.88 -1.92% LTCUSD. $83.51 0.26% SOLUSD. $168.64 0.10% About this graph. Grayscale's Bitcoin Trust issues common units of fractional shares which represent ownership in the Trust.
Feb 10, 2021 · The Grayscale Bitcoin Trust is the world’s largest bitcoin fund that allows institutional investors to gain exposure to bitcoin via an open-ended private trust. GBTC shares are traded on the secondary market and tend to trade at a premium, which varies depending on investor demand and bitcoin price movements.
Aug 29, 2023 · GBTC is a publicly traded trust that holds bitcoin and aims to track its price. Learn how it works, its advantages and disadvantages, and its impact on the crypto market.
Feb 21, 2022 · The GBTC premium refers to the difference between the value of the assets held by the trust against the market price of those holdings. GBTC products usually trade at a premium cost to the current value of the holdings or net asset value since it is a regulated path to Bitcoin exposure and is backed by institutions.
High Premium. A high premium suggests a bullish market sentiment in the United States. This scenario indicates that investors are willing to pay more for GBTC shares than the actual net asset value of the Bitcoin it holds.
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