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Biggest Bitcoin Fund Record -35% Drop – Warning for BTC Price? By Cointelegraph

8 months ago
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Biggest Bitcoin Fund Record -35% Drop – Warning for BTC Price?

Greyscale Trust (GBTC), a cryptocurrency fund that currently holds 3.12% of all bitcoinsBTC) supply, or more than 640,000 BTC, is trading at a significant discount to the price of its underlying assets.

On September 23, the $12.55 billion closed-end trust was trading at a 35.18% discount, according to the latest data.

GBTC discount with spot price. Source: YCharts
GBTC Daily Price Chart. Source: TradingView
GBTC 12-month adjusted Sharpe ratio. Source: PortfolioSlab.com
Funds are disbursed by supplier. Source: CoinShares
NDAQ vs BTC/USD Daily Price Chart. Source: TradingView
with US 10-year and 2-year Treasury yields. Source: TradingView
BTC/USD eight hour price chart. Source: TradingView/Capo of Crypto