Grayscale Bitcoin Trust Trading Volume Nears 2023 High
CoinGlass data shows that on June 17, the trading volume of Grayscale Bitcoin Trust (GBTC) almost hit a new high in 2023. As of Friday's close, GBTC rose 12.84%, temporarily at $15.12. Adam Cochran, a partner at venture capital firm Cinneamhain Ventures, said that if the Blackrock ETF is indeed approved, the real winner will be GBTC, because BlackRock will show the conversion path, and GBTC's 40% + discount will be solved on top of industry growth . Additionally, Cochran sees a good chance of BlackRock’s offering being approved by U.S. regulators.
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