Gbtc premium nav.
GBTC Discount or Premium to Net Asset Value.
Gbtc premium nav It’s hard to liquidate the fund and let go of such income stream. Through our platform, you can better track and understand the investment situation of the Grayscale Bitcoin Trust, in order to make better investment decisions. 02% on June 13. Learn more on GBTC here. This can be far more profitable The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is trading above or below its net asset value. This is an important metric for closed end funds specifically because A high-level overview of Grayscale Bitcoin Trust ETF (GBTC). 9% of NAV, while you are risking 45% of NAV with ETHE vs. Extreme volatility of trading prices that many digital assets, including Bitcoin, have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of GBTC and the shares could lose all or substantially GBTC can trade at a discount or premium to its NAV based on market dynamics and investor sentiment. CoinGlass provides the latest data on the asset size, holdings, and premium situation of the Grayscale Bitcoin Trust, as well as charts and analysis of historical performance and returns. If you would like to see how NAV is calculated, please refer to the applicable Product’s disclosure language on OTC Markets Group or in its private placement memorandum. 49. Dec 18, 2021. This is an important metric for closed end funds specifically because The discount to NAV began 2022 in the 20% area, and prior to early 2021 it was the norm for several years for GBTC to trade at an often sizable premium to NAV. Cup and Handle is a bullish pattern that can push GBTC, Bitcoin and the whole Crypto market higher at t Last week, Citron Research put out a tweet about the Grayscale Bitcoin Investment Trust that discussed its net asset value/share price. However Shares of any ETP are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. If GBTC is trading at a discount, it could be due to factors such as changes in market sentiment, changes in Bitcoin’s price, Grayscale Bitcoin Trust ETF (GBTC) - Find objective, share price, performance, expense ratio, holding, and risk details. It is now at a discount relative to Bitcoin NAV GBTC was trading at a 31. 39 across retail and spot markets, Bitcoin is trading at around $19,250, which makes 0. 13. 80 for every $1. 06 and 0. Read more on the GDLC closed-end fund's prospects. A high premium suggests a bullish market sentiment in the United States. Premium Tools; GBTC Overview. View Discount or Premium to NAV for GBTC. Get a better and more comprehensive user experience. GBTC | A complete Grayscale Bitcoin Trust ETF exchange traded fund overview by MarketWatch. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise. , the value of its Bitcoin assets ). 6% discount to the trust’s net asset value (NAV) on Friday, the closest it has traded to NAV since July 2021, according to Grayscale Premium page is a tool that displays the difference between the primary market and secondary market prices of Grayscale Bitcoin Trust products. Initially, GBTC traded at a premium but has recently moved to trading at a discount, raising concerns about its effectiveness as a Bitcoin investment vehicle. 11% at the start of the week following the hearing where a panel of judges of the Circuit Court of Appeals for GBTC Discount or Premium to NAV. Search. 08% for April 22, 2024. Grayscale Bitcoin Trust (GBTC) The Grayscale Bitcoin Trust or GBTC, Grayscale’s publicly traded shares, which have gone past $5 billion in AuM. In addition, we provide interactive charts and tools to help users analyze and compare the premium of Grayscale Bitcoin Trust products GBTC's current 28% discount to NAV, the potential price action from the upcoming Bitcoin halving, and Grayscale's intent to convert the closed-end fund into an ETF/ETN make it an attractive The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is trading above or below its net asset value. 03. Zacks ETF Rank More Info. Bitcoin spot price. Like the hugely popular Grayscale Bitcoin Trust (GBTC), which has $23 billion in assets under management, GSOL can be bought and sold in a traditional brokerage account. 004, respectively. It’s a nice bullish cup and handle pattern, where the handle is supported by a 20-month moving average. We discussed how retail investors had been using those funds to access cryptoasset exposure at a steep premium to NAV compared to our line of ETPs, available across Europe, which provides investors access to Bitcoin exposure without steep In depth view into GBTC Discount or Premium to NAV including historical data from 2015, charts and stats. Dec 22, 2021. Community / Indicators and 2 0 0 Add to favorites Add to favorites 1 1. Until early 2021, shares in the fund traded at a premium before flipping to a discount following a wide-spread crypto credit crunch. GBTC Premium/Discount to NAV . GBTC Discount or Premium to Net Asset Value. 35%. JPMorgan analysts attributed the collapse into discount territory to a combination of institutional investors selling GBTC to monetize the premium and the launch of new bitcoin exchange-traded funds in Canada. After hitting an all-time low of -48. This is a key concept to understand before you invest in GBTC. (NAV) Buying when GBTC hit its lowest premium to NAV of 7% in 2018 and selling in Dec 2020 when the premium reached 38% would have allowed you to outperform BTC by roughly 25%. 1 2 0 Add to favorites Add to favorites 6 6. 000947 * 47500 = $45; this is the Net Asset Value of GBTC (i. GBTC Premium to NAV Indicator. 4, 2022 View 4,000+ Financial Data Types: The GBTC example. GBTC trades at a discount to the net asset value (NAV), as shares in the fund don't grant the holder access to the underlying assets. Premium BTC Grayscale Investments. Date Value; April 22, 2024 View the latest Grayscale Bitcoin Trust ETF (GBTC) stock price and news, and other vital information for better exchange traded fund investing. MicroStrategy presents one of the more fascinating case studies in today’s market. Market Price 1D Change ($) $3. This scenario indicates that investors are willing to pay more for GBTC shares than the actual net asset value of the Bitcoin it holds. 87 +2. Grayscale Investments BTC Premium. GBTC is not The latest data from YCharts shows GBTC’s discount to Bitcoin’s net asset value (NAV) has narrowed to 15. Grayscale Bitcoin Trust conversion to an open-end fund eliminated its NAV discount, reducing its appeal compared to lower-cost Bitcoin ETFs with similar exposure. Eligible shares of GBTC are quoted on the OTC Markets Group. Shares traded at a premium until early 2021 before flipping to a discount. Net Asset Value measures the total value of a security based on assets divided by shares outstanding. Despite the significant NAV discount closures in GBTC and ETHE this year, GDLC still trades at a 22% discount to net asset value. The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is CoinGlass bietet die neuesten Daten zur Vermögensgröße, den Beständen und der Prämien-Situation des Grayscale Bitcoin Trusts sowie Diagramme und Analysen zur In depth view into GBTC (Grayscale Bitcoin Trust ETF) including performance, dividend history, holdings and portfolio stats. e. The Grayscale Bitcoin Trust ETF It looks like one, it walks like one, it quacks like one. So when BTC got up to 66k, GBTC only got to 48 or so - when normally should have been around 80! Still made a profit, but man was I pissed. 31% discount to its net asset value (NAV). GBTC’s discount to NAV began to narrow significantly Shares in GBTC narrowed to a two-year record of 8. 55% ) USD | NYSEARCA | Jan 24, 16:00 Institutional investors have an excellent opportunity to short GBTC and ETHE at a premium, buying it back at a discount for the NAV price. GBTC and two other products from the asset manager, Grayscale Ethereum Trust and Grayscale Ethereum Classic Trust , traded at a large premium to NAV throughout The business model is easy: Grayscale buys BTC, issues shares in its fund, and charges a 2% annual management fee. 43; Day Range 82. Grayscale GBTC Premium/Discount to NAV. This premium is driven by several critical factors. This is very different from my usual analyses, but I still hope you enjoy! This chart calculates the premium or discount you are paying/receiving when trading GBTC . Alongside the bear market pressure, GBTC gained competition with For example, GBTC's NAV premium is currently over 20% and GDLC is at about a 60% premium to the value of its holdings. A discount, meanwhile, occurs when there are more sellers than buyers, causing the market price to fall below the NAV. GBTC closes down discount gap. Updated Mar 8, 2024. Bitcoin (BTC) itself at -64%. co) GBTC’s discount to net asset value ("NAV") has been narrowing since sentiments in the crypto market improved in the past year. If the NAV gets in line with GBTC and ETHE I may consider getting some GSOL in a retirement account where it is difficult to custody SOL directly. This chart plots the average weekly premium in the total value of Bitcoin Trust shares (GBTC) to the Net Asset Value (NAV) of the Trust holdings of Bitcoin. Release Notes. I don't think there is any reason to expect that 20-30% premium to sustain -- as people get more comfortable just buying it directly this premium will diminish --- having said that, anything trading under NAV is an instant win. 3, GBTC is trading at $23. By WuTangFinancialBank. Many people believe GBTC’s discount derives from the fact that there are several exchange-traded funds now GBTC discount to NAV is at -40% Archived post. Extreme volatility of trading prices that many digital assets, including Bitcoin, have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of GBTC and the shares could lose all or substantially This directly contributes to the massive premiums. Historical Discount or Premium to NAV Data. This can be far more Find the latest Grayscale Bitcoin Trust ETF (GBTC) stock quote, history, news and other vital information to help you with your stock trading and investing. Daily Volume (Shares)* 2. GBTC’s Discount to NAV chart over the last 12 months. The Grayscale Bitcoin Trust (GBTC) is an almost $14 billion market cap product that’s a giant in crypto investing. Daily Volume (Shares)* 4. The discount narrowed from 42. From about -40% GSOL's premium to NAV is off the rails, with shares commanding an 810% premium to the underlying Solana in the fund. The value at which those are sold has fluctuated in the form of premiums and discounts to the value of bitcoin that it holds. 8% at the time of writing, and GBTC shares haven't changed hands at a premium to bitcoin since March 2021. Stay up to date on the latest price, chart, news, analysis, fundamentals, trading and investment tools. GBTC is not GBTC Premium/Discount to NAV represents the difference between GBTC's market price and Bitcoin's net asset value per share. This caused a decline in investor interest. Source As we explained to you at the beginning, to create a legal way to invest or trade in the Bitcoin cryptocurrency market through the stock market, the GBTC financial instrument was developed by Grayscale. I sense FUD about the possibility of an ETF and whether GBTC will actually redeem at NAV relative to GSOL’s Premium: A Unique Case. Why is the GBTC Premium to NAV Going Down? Year-to-date, GBTC has been trading at -76% in the OTC market vs. NOTE 2022: GBTC has traded at a large discount since 2021. 07M. Grayscale’s bitcoin fund (GBTC), the largest bitcoin investment vehicle, has seen its discount to net asset value (NAV) shrink to 0% for the first time since February 2021. Demand for GBTC came mainly from price arbitrage of the premium- since the premium tanked, demand has stalled on GBTC. It helps users better understand In depth view into GBTC Discount or Premium to NAV including historical data from 2015, charts and stats. $104767. Read why this might create a positive outcome for investors. (NAV) Definition. Updated GBTC share per BTC. So if GSOL was like $5 today I would consider purchasing it. Grayscale Investments BTC Prim. In January, GBTC becomes an SEC reporting company, registering its shares and becoming the first digital currency investment vehicle to have this status. Here is the premium graphed out: NAV per Share is not intended to be a substitute for the Trust's Principal Market NAV per Share calculated in accordance with GAAP. Watching GBTC charging 2% doesn't fully explain the 15-20% discount from a previous premium. Market Price 1D Change ($) $-0. Since GBTC is not an ETF yet and isn't tied to NAV and is purely demand based - any positive news for bitcoin causing its price to rise won't necessarily also raise the GBTC share price. The GBTC premium to NAV is the difference in how much a Premium to nav (snapshot in time) Digital Asset Custodian: Grayscale Investments: Grayscale Bitcoin Trust: GBTC: 1. 70. 80: Zacks Premium Research for GBTC. NAV $ 83. YCharts. Traded on the OTCQX stock market since 2013, GBTC is suitable for investors preferring not to manage their crypto, unlike Bitcoin, which is traded on various exchanges and held in wallets or centralized exchanges. This directly contributes to the massive premiums. GSOL is very thinly traded (read that as easy to Grayscale Bitcoin Cash Trust trades at a significant premium, contrary to expectations. GBTC and ETHE premiums can be considered as leading indicators with following interpretation: Bullish (overbought) sentiment = Divergence between NAV and premium. 12%: Coinbase Custody Trust Company, LLC: Bitwise Investment Advisers Now, not only has that premium disappeared entirely, but GBTC currently trades at an eye-popping 29. Reply reply [deleted] • Thats not the same logic. Bitcoin isnt 'frothy' even with this rally the 'Kimchi premium' helps explain why (Yahoo Finance) Nov-20-24 12:42PM Grayscale Bitcoin Trust (BTC) objective of the Trust is for the NAV per Share to track the Bitcoin Market Price per Share “Without ETF approval GBTC may go to -100% premium to NAV,” Vijay Boyapati joked this week. 39% ) USD | NYSEARCA | Jan 17, 16:00 The premium makes GBTC or another trust bought at a low premium a potentially profitable bet (even better than BTC or the other coin themselves). It's running the same logic that GBTC should outperform BTC now that it's trading at a significant discount to NAV. GBTC is not The apparently favorable legal discussions on March 7, 2023 could ultimately collapse GBTC's discount to NAV. the crypto. Hayes names D-Day for crypto market bottom. Unlike the discounts observed in Grayscale’s Bitcoin (GBTC) and Ethereum (ETHE) trusts, the Grayscale Solana Trust (GSOL) is trading at a substantial premium, currently around 700% above its Net Asset Value (NAV). The breakdown of that 25% The GBTC shares consistently traded at a premium before 2021. GBTC Discount or Premium To NAV: -34. While that of BlackRock and Fidelity are 0. GBTC products usually trade at a premium cost to the current value of the holdings or net asset value since it is a regulated path to Bitcoin e Interactive Chart for Grayscale Bitcoin Trust ETF (GBTC), analyze all the data with a huge range of indicators. Of course the SEC may appeal and the mechanics of ETF conversion will take some time, but still the discount to NAV for GBTC (after narrowing today) may narrow further over the coming days and Bitcoin Investment Trust (GBTC) is trading at an abnormally high 50%+ premium over its Net Asset Value (NAV) which presents an exceptional arbitrage GBTC Premium/Discount to NAV represents the difference between GBTC's market price and Bitcoin's net asset value per share. 97 Market Cap $13. In depth view into GBTC Net Asset Value including historical data from 2015, charts and stats. (“GBTC” or the “Fund”) is subject to a high degree of risk and heightened volatility. 79B; Shares Curious to get your thoughts on this. Over the last three years, GBTC has lagged Bitcoin ( BTC-USD ) by a fairly / GBTC Premium to NAV Indicator; OPEN-SOURCE SCRIPT. The shares haven’t traded at a premium since February 2021, according to YCharts. So, accredited investors purchased GBTC at NAV and sold those shares at a premium six months later, pocketing the difference. GBTC shares cratered about 80% in the past year versus bitcoin's As we explained to you at the beginning, to create a legal way to invest or trade in the Bitcoin cryptocurrency market through the stock market, the GBTC financial instrument was developed by Grayscale. Key Data. Despite trading at a discount to NAV, the discount on GBTC has closed down to a 28-month low of 8. Premium/Discount to NAV-0. Shares of GBTC can trade at a discount or premium to bitcoin depending on investor demand. 1bn the world’s largest bitcoin fund, into an ETF. GBTC Premium Sitting At -10. Closed-end funds can be less liquid than ETFs, which are open-ended funds. In depth view into GBTC Discount or Premium to NAV including historical data from 2015, charts and stats. (NAV) Grayscale Bitcoin Trust ETF (GBTC) Last update: Net Asset Value (NAV) Per Share $ NAV Per Share 1D Change ($) $ NAV Per Share 1D Change (%) % Market Price $ Premium/Discount to NAV % 30D Median Bid/Ask Spread (%)--XBX Index Price $ Daily Volume (Shares)* Market Price 1D Change ($) $ Market Price 1D Change (%) % GAAP AUM. On or around January 26, the discount to the net asset value (NAV) of the Grayscale Bitcoin Trust (GBTC) narrowed to zero for the first time in nearly Grayscale Premium page is a tool that displays the difference between the primary market and secondary market prices of Grayscale Bitcoin Trust products. The Grayscale Bitcoin Trust (GBTC) discount to net asset value (NAV) has fallen below 10% for the first time since July 2021. 50%: 0. . Yeah the premium / discount to NAV is variable and is a function of Latest Grayscale Bitcoin Trust ETF (GBTC:PCQ:USD) share price with interactive charts, historical prices, comparative analysis, forecasts, on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Put simply, investors are paying almost $2. Upgrade now. This is evident by the fact that despite the cryptocurrency falling to $40,000 this week, GBTC’s premium kept improving. Another feature of GBTC Discount or Premium to NAV (theblock. Premium/Discount to NAV. 7%. A premium occurs when more investors are buying GBTC shares than there are shares available for sale, pushing the market price above the value of the underlying bitcoin held by the trust. Grayscale has been in a protracted battle with the US SEC to secure approval for converting its flagship Bitcoin Trust (GBTC) into an ETF. This metric is calculated by (Total Assets - Total Liabilities) / Shares – Understanding the GBTC Premium. So far all the Grayscale products have started out life with an insane premium. 78% Oct. This is because if crypto goes up hard, which it sometimes does, the premium can expand and magnify your gains! Nav to Premium Convergence (premium is decreasing) = Bearish / Becoming Oversold The Impact of Spot Bitcoin ETF Approvals. The Premium metric determines if the price of the ETF is trading above its Net Asset Value (NAV), while Discounts indicate if the price is below the NAV. The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end CoinGlass provides the latest data on the asset size, holdings, and premium situation of the Grayscale Bitcoin Trust, as well as charts and analysis of historical performance and returns. This metric can be a valuable metric to track how far away a security is trading away from its true value. Use Coinglass APP. 00 of Bitcoin on As long as Bitcoin prices kept rising and the GBTC stayed at a premium to NAV, it was akin to 'printing money' for these sophisticated investors. 2021: GBTC faced challenges as its premium over Net Asset Value (NAV) turned negative. This is an important metric for closed end funds specifically because The reason why GBTC trades at a discount to its NAV is primarily because of its structure as a closed-end fund, or CEF. Dec 22, 2021 The discrepancy in 5Y performance of GBTC and BTC is explained by GBTC trading at a premium to NAV 5Y ago. Discount or Premium to NAV Total Assets Under Management Peer Group Rtn. 8% discount to NAV. Its shares trading at a premium are even less probable, they agree. Follow. GBTC: An Overview Since cryptocurrencies have become quite mainstream, investors are curious whether it is possible to invest in Bitcoin through the stock market. 63% ) USD | NYSEARCA | Jan 24, 13:24 The fund had traded at a discount to the price of the Bitcoin it held since February 2021 and hit record lows of nearly 50% in December 2022. I traded GBTC in my Roth for years, and did quite well. Source: Ycharts. Shares of any ETP are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. The GBTC Premium/Discount to NAV refers to the difference between the market price of Grayscale Bitcoin Trust (GBTC) shares and GBTC's discount to NAV has shifted from around 48% to 36% while bitcoin has rallied. Grayscale Bitcoin Trust ETF (GBTC) 84. -> Premium as Leading Indicator. New comments cannot be posted and votes cannot be cast. 5 6 Add to favorites Add to favorites 2 2. 97 ( +3. 18%, close to trading at a premium for the first time in three years. 91M. Grayscale Bitcoin Trust ETF (GBTC) 83. “The GBTC discount compressing may GBTC Discount or Premium to NAV - YCharts. I was looking at that Ycharts graph below and it looks like the current premium is WAY under the mean. 10: Premium (+)/Discount (-) (month end) +7. In depth view into GBTC (Grayscale Bitcoin Trust ETF) including performance, dividend history, holdings and portfolio stats. You get the percent gains of the underlying asset and the premium paid. 39% ) USD | NYSEARCA | Jan 17, 16:00 NAV per Share is calculated daily at 4 pm ET, based on the applicable CoinDesk Index or Reference Rate. This metric indicates how much lower the Shares in GBTC narrowed to a two-year record of 8. At the moment, Grayscale’s GBTC Premium reading comes in at 0. If BTC is $47,500, then GBTC is worth . The discount rate hit 47. GBTC, which has been the largest publicly-traded crypto fund available on the market, saw its For examples sake if you bought GBTC @ $11 when the premium was 10%, then $1 of that share price was premium (convenience fee), When bitcoin doubles and you sell your GBTC for $22, at still a 10% premium, you gained an additional dollar profit per share. Read my analysis to learn more about my rating for BCHG. The Bitcoin Investment Trust (OTCMKTS:GBTC) is the first publicly traded security designed to track the performance of Bitcoin, and it does so for a 2% annual fee. NAV (month end) 74. The discount or premium to NAV measures the percentage difference between the market trading price of an ETF or closed-end fund (CEF) and its underlying NAV. If the shares trade at a premium, investors who purchase shares on Shares of any ETP are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. 88. Discount or Premium to NAV Chart. View and export this data back to 2015. And since related Of course the SEC may appeal and the mechanics of ETF conversion will take some time, but still the discount to NAV for GBTC (after narrowing today) may narrow further over the coming days and NAV per Share is not intended to be a substitute for the Trust's Principal Market NAV per Share calculated in accordance with GAAP. 01%. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the fund in creation units. GBTC discount or premium to NAV 3-year chart on September 26, 2022, via ycharts. 28. Another feature of Historically the premium has been around 20-30% over NAV. View Net Asset Value (NAV) Definition. While the premium to net asset value (NAV) is still negative at -9. 05 +3. And Since February, Grayscale’s premier crypto fund Grayscale Bitcoin Trust (GBTC) has traded at a negative premium to its net asset value (NAV). The discount is so constant and deep it is something that has to be considered with the rest of this article. Subsequently, the trust received FINRA approval to trade publicly, and anyone could buy them through their own brokerage accounts The largest Bitcoin trust in the world, the Grayscale Bitcoin Trust (GBTC) has been closing ranks around its premium over the last year. I use it with ETHE/ETHUSD and GBTC/BTCUSD. The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is trading above or below its net asset value. GBTC is not The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is trading above or below its net asset value. 30D Median Bid/Ask Spread (%)--XBX Index Price. A collapse to 0 in either case is not out of the question, considering the GBTC Discount or Premium to NAV: -0. 5 billion NAV, GBTC generates in excess of $200 million per year in management fees. For example, they would agree to purchase GBTC / GBTC Premium to NAV Indicator; OPEN-SOURCE SCRIPT. 095% of 1 BTC worth Why is the GBTC Premium to NAV Going Down? Year-to-date, GBTC has been trading at -76% in the OTC market vs. Initially, accredited investors can obtain GBTC shares during the private placement round by buying at least $50K worth of Bitcoin. New comments cannot be posted. Locked post. Grayscale’s Bitcoin Trust, known as GBTC, has witnessed a significant shift in its market dynamics. Aug 9, 2023. 47% However, GBTC shares have often been traded at a significant premium or discount to the underlying Bitcoin’s actual value, known as its net asset value (NAV). The duration risk from lockup blew up the trade as GBTC fell from a premium Before understanding GBTC premium, it is important to have a brief overview of Grayscale Bitcoin Trust. This is an important metric for closed end funds specifically because GBTC discount to Net Asset Value (NAV) is presently at 1. 05 (01/24/25) Shares Outstanding 255. 49 ( +4. 47 Grayscale GBTC Premium/Discount to NAV. Open $83. Investors should be cautious as it signals a potential downside risk, and they might be paying a premium for exposure to Bitcoin. 6% discount to the trust’s net asset value (NAV) on Friday, the closest it has traded to NAV since July 2021, according to data from Ycharts. 32% discount to NAV on June 23, a decline from a discount of 44. GBTC Premium. Start Trial. However the current GBTC price is only $43 (!), which means you're actually getting BTC at a 5% discount by . As of Dec. $94448. Then, sometime last spring I think, when BTC was on fire, GBTC went from having the 30% or more premium it had for years, to a 30% discount to NAV. 17 +1. The trust holds a little over In depth view into GBTC Discount or Premium to NAV including historical data from 2015, charts and stats. Alongside the bear market pressure, GBTC gained That way, my risk is only 28. Calculates the Nav Premium/Discount for an asset given it's underlying value. The company, which has transformed from a sleepy enterprise software provider into the world’s largest corporate Bitcoin holder, currently trades at a staggering 180% premium to its Bitcoin net asset value (NAV). holders of GDLC would capture the premium. however the market risk is now being underpriced as fear can and likely will expand the risk-premium in Grayscale GBTC Premium/Discount to NAV. 07%. If you don't understand how such a thing can happen I Learn about the Discount/Premium to NAV with the definition and formula explained in detail. In January 2023, GBTC traded at a significant 48. 89% in December 2022, the gap has been effectively closed to the point that it has reached a two-year high. This offered a relatively risk-free yield to investors for some Shares of any ETP are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Performance charts for Grayscale Bitcoin Trust ETF (GBTC - Type ETF) including intraday, historical and comparison charts, technical analysis and trend lines. 87% as of Oct. Since then, the discount has shrunk to less than 14%, the The reason why GBTC trades at a discount to its NAV is primarily because of its structure as a closed-end fund, or CEF. GBTC – Grayscale Bitcoin Trust ETF – Check GBTC price, review total assets, see historical growth, and review the analyst rating from Morningstar. It has traded both at a premium to its NAV and at a discount to its NAV, even in the What is GBTC premium?The GBTC premium refers to the difference between the value of the assets held by the trust against the market price of those holdings. Hence, at the current $10. It helps users better understand the market premium of Grayscale Bitcoin Trust products. According to Bloomberg ETF analyst Eric Balchunas, GBTC bleeding is The discount/premium to NAV is a percentage that calculates the amount that an exchange traded fund or closed end fund is trading above or below its net asset value. Products; Community; Markets; News; Brokers; More; EN Get started. TL;DR Grayscale Bitcoin Trust (GBTC), launched in 2013, is a digital currency asset management product that offers Bitcoin exposure and trade In depth view into GBTC (Grayscale Bitcoin Trust ETF) including performance, dividend history, holdings and portfolio stats. Grayscale has fought a long battle with the SEC to allow it to convert its flagship Bitcoin Trust (GBTC), at $24. This metric can be a valuable metric to track how far away a security I know I know, why not just buy Bitcoin itself GBTC and ETHE are both currently trading at around a 30% discount to NAV. 1 2 2 Add to favorites Add to favorites 6 6. As a result, the market price of GBTC shares is over 47% lower than the value of the bitcoin in the fund or its net asset value (NAV). Jun 14, 2018. Want to use this script on a chart? The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or The Grayscale Bitcoin Trust discount or premium to net asset value (NAV) has fallen below 10% for the first time in over two years. By Ian_Carsen. Cup and Handle Formation Spotted On GBTC We want to share an interesting pattern on the monthly GBTC – Grayscale Bitcoin Trust chart. GBTC are currently trading at a 23 percent premium compared to the Grayscale Digital Large Cap Fund ETF trades at a significant discount to its NAV. GAAP NAV Per Share. Calculates the historical and current premium/discount for a share of Grayscale GBTC vs. com. That could hold awhile- but if they get their application to convert to an ETF accepted (they're pushing pretty hard at The GBTC premium was the rocket fuel driving the market higher, allowing market participants (3AC, Babel, Celsius, Blockfi, Voyager etc. GDLC has, at times, traded at NAV premiums above 100%, and even multiples of The development of a negative GBTC premium throws a wrench in the popular carry trade of redeeming Grayscale shares at a premium and shorting bitcoin futures. When bitcoin is in an uptrend, a very profitable strategy is to buy GBTC when premium to NAV is low, and sell when it reaches extremes. Increasing A high premium suggests a bullish market sentiment in the United States. If you buy now at a 8% premium and then btc price goes up (GBTC would then also climb) but the GBTC premium also mean reverts, would you effectively had made extra gains based on the premium mean reversion? The GBTC premium refers to the difference between the value of the assets held by the trust against the market price of those holdings. Several months ago, we wrote a report which analysed the premium of two of Grayscale’s funds — GBTC and ETHE. 27 ( +1. This is our ETF rating system that serves as a timeliness indicator GBTC - Grayscale Bitcoin Trust - Stock screener for investors and traders, financial visualizations. The Native Initially, GBTC traded at a premium but has recently moved to trading at a discount, raising concerns about its effectiveness as a Bitcoin investment vehicle. ) to acquire shares at net asset value, all the while I use it with ETHE/ETHUSD and GBTC/BTCUSD . Grayscale temporarily halts new fund creation. For more than two years, the fund traded at an increasingly widening discount After trading at a premium as the bull market of 2021 kicked off, GBTC’s discount to NAV peaked in late December 2022 at nearly 50%. 0. jjukntrjzymsvcowibpmowyrhgwwaujrhydkyvahsrvvzew