Market Wrap: From GBTC Discount to Short Bitcoin ETF, Traders See Reasons for Optimism
— Discount, Socalled, Reasons, Short, Stock, Showing, Gbtc, Optimism, Profit, Sandor, Wrap, Bitcoin, Twist, Shakeout, Traders, Signs, Read, Reported, Etf, Market — 1 min read
Analysts were eyeing key market indicators for signs that prices might have hit a bottom. Those include a narrowing in the so-called Grayscale discount and data showing stock investors piling into an exchange-traded fund designed to profit from further declines in the price bitcoin. In a perverse twist of logic, the data shows stock investors are piling into a fund to bet on further declines, as reported by Krisztian Sandor. Read more on that below by Lyllah Ledesma and more from the report by Reuters' Lyllah Luedesma, who also reports on the market. Source