The widening in the discount is seen as a sign of waning optimism for a conversion anytime soon – the opposite of what was happening last week, when some investors were buying GBTC, betting on the fund’s chances, said Pablo Jodar, financial products manager at Storm Partners, a tech supplier for the crypto industry in Europe.
Related posts
-
$10 Billion in Bitcoin Dumped in May Alone, What Does This Signal?
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is... -
U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge
In a late Friday order, Judge Amy Berman Jackson, of the District Court for the District... -
Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal
A crypto expert has predicted a bullish price reversal for Bitcoin, the world’s largest cryptocurrency. The...