Grayscale: After GBTC becomes an ETF and is listed, it will release approximately US$1.89 billion in value
According to a blog post by Grayscale, in ETF form, GBTC's stock is expected to track Bitcoin's price more closely, which means any premium or discount in GBTC's stock price is expected to disappear. As of November 29, 2023, GBTC's assets under management were $23.4 billion, with a discount of 8.09%, or $1.89 billion. This means that assuming the current discount disappears, GBTC will release approximately $1.89 billion in value to investors through arbitrage mechanisms once it is listed on NYSE Arca and becomes an ETF.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gaming Tokens Gain 28%, SAND, APE, and AKsS Lead Rally
Blockchain to be used to count votes in Romanian presidential elections
Sui Blockchain's Record Performance Sends Token Price to $3,46
CYBRO Shows 500% Growth Potential, Eclipsing Solana and Toncoin