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News Explorer — Investors Buying GBTC in Anticipation of a Positive Outcome From Grayscale's ETF Appeal

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Mar 6, 6:10 pm
Coindesk

Investors Buying GBTC in Anticipation of a Positive Outcome From Grayscale's ETF Appeal

The Grayscale Bitcoin Trust (GBTC) discount to net asset value (NAV) has fallen to its lowest level in a month, as Grayscale appeals the SEC’s decision to deny the conversion of the trust into an exchange-traded fund (ETF). Investors are buying GBTC ahead of the hearing, hoping for a positive outcome that would narrow the discount.

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