Why has the Grayscale Bitcoin Trust discount hit an all-time high?

Key Takeaways Grayscale is the largest Bitcoin fund in the world Discount to underlying asset (Bitcoin) has reached record levels, breaching 50% Concern about reserves, higher fees and other hurdles explain the discount, which likely won’t close anytime soon The discount to net asset value of the Grayscale Bitcoin trust is at all-time highs. The […]