By Vojar - 24.01.2020
Gbtc premium today
In depth view into Grayscale Bitcoin Trust (BTC) Discount or Premium to NAV including historical data from , charts and stats. Performance charts for Grayscale Bitcoin Trust BTC Fund (GBTC) including intraday, historical Average week Premium% Current Mgmt Fee%.
Historical Bitcoin data shows a steep decline in GBTC premium led to extended ralles Source: Bitcoin Jack Twitter The data coincides with a record high gbtc premium today gbtc premium today Bitcoin and other major cryptocurrencies like Ethereum from gbtc premium today in the gbtc premium today quarter of Grayscale gbtc premium today that 88 percent of capital inflows came from institutions from January to Gbtc premium today of this year.
Why GBTC premiums occur and how it affects the Bitcoin price For institutional investors in the likes gbtc premium today hedge, family, and pension funds, Grayscale and its products remain as the most accessible entry into the cryptocurrency market.
Play Now! Institutions can also invest in the same way they purchase stocks, as GBTC is a publicly tradeable investment vehicle.
The lack of alternative investment products in the space and the absence of a Bitcoin exchange-traded fund ETF often cause institutions to overload GBTC, causing premiums to occur. Following gbtc premium today initial spike in please click for source for Bitcoin, markups of institutional products have noticeably declined.
Historically, such a trend led to gbtc premium today formation of a prolonged rally for BTC and the cryptocurrency market.
Same goes for selling at high premiums. Funny recurring double bottoms by the way.
The trend suggests that after institutions allocate a significant amount of capital into the Bitcoin market, the spot and futures market respond, leading the market to see upside momentum. Small sample and limited data, but worth the consideration The pattern gbtc premium today the Bitcoin price recovering csgostash m4a1 a clear drop in GBTC premiums is based on gbtc premium today sample and data.
But, BTC is an emerging asset with relatively low liquidity and investor base when compared with traditional assets like gold. For that reason, historically accurate fractals and patterns tend to reoccur and impose similar effects on the price gbtc premium today of Bitcoin over long periods of time.
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