Grayscale Offers a Giant Bitcoin Discount. It’s No Slam Dunk.
— Travails, Holding, Perilthat, Price, Bitcoin, Broad lesson, Gbtc ),, World, Dunk, Fund — 1 min read
Grayscale Bitcoin Trust is a closed-end trust exclusively focused on holding the digital token. It’s the largest such fund in the world, with assets under management of about $12 billion. But investors do so at their peril at the risk of overreacting to the value of the Bitcoin Trust, which is worth nearly a third less than the market price. The trust is one of the world's largest such funds, and has assets of $12billion. It's the largest of its kind in terms of its assets under $12bn. The fund is now worth $1.5 billion. It was founded by Grayscate Bitcoin Trust in 2007, when it was founded in 2008, and is worth $2.2 billion. Source