Tag: gbtc
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Huge outflows cause Grayscale Bitcoin Trust to sink to first discount to bitcoin since 2017
The Grayscale Bitcoin Trust has fallen sharply Together with the cryptocurrency itself SOPA Images/Getty Images The Grayscale Bitcoin Trust plunged this week, with investors withdrawing money at the fastest rate in nearly a year.It closed in a 3.77% reduction on Thursday, a sharp reversal after trading in a hefty premium to bitcoin.The bitcoin price itself…