GBTC’s discount reaches all-time low 2 weeks ahead of ETF verdict

The GBTC discount reached record lows of 34% following the 3AC collapse.
Source: Skew

The collapse of 3AC has contributed to a further widening of the GBTC discount to its net asset value. According to Bloomberg, 3AC is the largest shareholder of GBTC, holding 38.9 million shares. However, the 3AC balance of GBTC is relatively unclear. The fund last filed its holdings in a 13G filing on April 1st, 2021.

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