“The GBTC discount compressing may be the product of traders betting on either the complete unwind of the trust or Grayscale being forced to enable full/partial redemptions,” said Sean Farrell, head of digital asset strategy at Fundstrat. “However, it is tough to draw any conclusions just yet since volumes are so low and the market is so illiquid.”
Grayscale Bitcoin Trust Discount Narrows to 8-Week Low as DCG Faces Pressure
