Bitcoin24h $64,094.69+1.05%

Ethereum24h $1,841.86+0.40%

BNB24h $569.87+1.25%

XRP24h $1.09+0.32%

Solana24h $75.01+0.24%

TRON24h $0.3228-0.05%

Hyperliquid24h $59.22-1.87%

Dogecoin24h $0.0721-0.26%

Zcash24h $554.39+1.87%

UNUS SED LEO24h $9.79-0.14%

It’s like the GBTC premium, but in Chinese silver

Similar to how BTC traders once paid a premium for GBTC, Chinese traders are paying 60% above silver holdings for a Shenzen fund.

Does Grayscale have enough GBTC to sell bitcoin into March?

Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that’s highly unlikely.

Grayscale must ensure that GBTC’s share price tracks bitcoin’s price. This requires selling and buying bitcoin every day.

In two days of trading last week, the new SEC-approved spot bitcoin ETFs attracted approximately $819 million of net new cash inflows.

Grayscale has won a victory in its case against the SEC, with the judge ruling previous denials of GBTC ETF conversion were “arbitrary.”