Zelaid (@huhwsd) • Hey
Zelaid (@huhwsd) • Hey
Publications
- 🥰🥰🥰happy happy happy ,I hope you're here for me
- Do what you can
- Grayscale's Bitcoin Trust Halts 78-Day Outflow Streak With $ 63M Inflow
Statistics indicate that after a prolonged period of 78 days, Grayscale’s Bitcoin Trust has ceased experiencing outflows, observing an infusion of $ 63 million on Friday, equating to around 1,030 bitcoins.
GBTC Sees First Inflows After 78 Days
For the time being, Grayscale’s Bitcoin Trust (GBTC) appears to have halted the depletion of bitcoin following its public debut as a spot bitcoin exchange-traded fund (ETF) on Jan. 11, 2024. Unique among its peers, GBTC has existed since 2013 as a private, open-ended trust catering to accredited investors via the OTCQX over-the-counter market.
GBTC offers investors a pathway to gain exposure to BTC without the necessity of direct acquisition. In its initial years, investors accepted a premium to hold shares in GBTC. In 2017, the premium for GBTC shares skyrocketed to 132%, and by Dec. 2020, it stood at 38.57%.
This premium shifted to a discount on the net asset value (NAV) by the end of Feb. 2021, maintaining this trend until it commenced public trading in Jan. 2024. By Dec. 2022, the discount deepened to more than 48% against GBTC’s NAV.
- When you turned back ,my heart twitched <https://powerfully.Now> I know it's the feeling of pain.
- Teach him that for every scoundrel there is a hero; that for every crooked politician there is a dedicated leader; that for every enemy there is a friend.
- I just voted on "Ecosystem Proposal: Gains Network x Metis Co-Marketing Plan" https://snapshot.org/#/metislayer2.eth/proposal/0x1fb8a767624747e7615cb5b109dd569fbbbc40ed99b18a7a0f333936f05d98a6 #SnapshotVote
- Liwe a good life meet slomy.