Canada’s Purpose Bitcoin ETF may be cutting into Grayscale’s market share
For the first time, shares in Grayscale’s Trust traded at a discount compared to spot BTC for an entire month.
Rafael Schultze-Kraft, the CTO of on-chain analytics provider Glassnode, shared the observation to Twitter on April 1, noting shares in the institutional fund manager’s Bitcoin Trust had traded at a notional discount of -6% on average during March.
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