GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday

Laurent Kssis, a crypto trading adviser at CEC Capital, said that with GBTC trading at such a discount, it makes sense to hold some of the shares, although traders must be brave if bitcoin’s price continues to slide. Kssis said that he isn’t hearing of investors buying more GBTC shares on Monday ahead of Tuesday’s hearing, but he is seeing most investors hedging against a possible drop in bitcoin’s price.

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