Bitcoin Now Costs $12,500 at This Trust, And You Can Even Buy It

ICYMI: Bitcoin is 36% cheaper at this trust, but investors are not in a rush to buy it BTC $BTC $GBTC

According to data shared by Arcane Analytics, it is far cheaper to get exposure to BTC via Grayscale compared to the spot. The discount against the NAV of the GBTC fund reached the record of 36%, making it far more profitable to buy Bitcoin via the fund rather than using the spot asset.

The current discount on GBTC and the lack of inflows into it paint a clear picture: institutional investors do not feel like it is a good time for investing in Bitcoin and the cryptocurrency market in general.The current discount implies that GBTC will remain close-ended until January 2045.

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