{"id":525862,"date":"2023-04-06T23:00:52","date_gmt":"2023-04-06T23:00:52","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=525862"},"modified":"2024-06-11T09:46:01","modified_gmt":"2024-06-11T09:46:01","slug":"grayscale-discount-continues-to-recover-good-news-for-bitcoin","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/","title":{"rendered":"Grayscale Discount Continues To Recover, Good News For Bitcoin?"},"content":{"rendered":"<p class=\"p2\">The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading filed for bankruptcy. However, it has seen a better start to the year 2023 as it continues to close the gap on its unusually deep discount in December 2022. As the GBTC makes its way back toward parity with BTC spot market prices, could this be good news or bad news for Bitcoin?<\/p>\n<h2 class=\"p2\">Grayscale Discount To NAV Shrinks<\/h2>\n<p class=\"p2\">In December 2022, the Grayscale discount to NAV had climbed to almost 50%, recording a new all-time high in the process. This meant that the trust was trading at about a 50% lower price compared to the price of BTC on the spot market. It would then carry this high discount into January 2023 but the tides began to turn as the crypto market saw a recovery.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/ethereum\/cryptocurrencies-are-well-positioned-to-see-gains-ahead-of-ethereum-upgrade\/?swcfpc=1\">These Cryptocurrencies Are Well-Positioned To See Gains Ahead Of Ethereum\u2019s Upgrade<\/a><\/div>\n<p class=\"p2\">Slowly but steadily, the GBTC discount has been shrinking over the first quarter of 2023. It has since recovered by over 15% during the three-month period, dragging the discount back down into the 30% territory, a new five-month low.<\/p>\n<p class=\"p2\">On April 5, 2023, the GBTC discount was sitting at 36.9%, although this is not its lowest point so far for 2023. The lowest discount so far for 2023 was reached on March 8 when it dropped to 34.11%. Nevertheless, it is still a long way from its 2022 highs.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-525863 aligncenter\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/Grayscale-Bitcoin-Trust-discount-to-NAV.png?resize=460%2C189\" alt=\"Grayscale Bitcoin Trust discount to NAV\" width=\"460\" height=\"189\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/Grayscale-Bitcoin-Trust-discount-to-NAV.png?resize=460%2C189 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/Grayscale-Bitcoin-Trust-discount-to-NAV.png?resize=860%2C353 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/Grayscale-Bitcoin-Trust-discount-to-NAV.png?resize=768%2C315 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/Grayscale-Bitcoin-Trust-discount-to-NAV.png?resize=1536%2C630 1536w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/Grayscale-Bitcoin-Trust-discount-to-NAV.png?resize=2048%2C840 2048w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/Grayscale-Bitcoin-Trust-discount-to-NAV.png?resize=750%2C308 750w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/Grayscale-Bitcoin-Trust-discount-to-NAV.png?resize=1140%2C467 1140w\" sizes=\"(max-width: 460px) 100vw, 460px\"><\/p>\n<pre style=\"text-align: center\">GBTC discount falls to 36.9% | Source: <a href=\"https:\/\/ycharts.com\/companies\/GBTC\/discount_or_premium_to_nav\" rel=\"nofollow\">YCharts<\/a><\/pre>\n<p class=\"p2\">Likewise, the discount to NAV on the Grayscale Ethereum Trust (ETHE) has been recovering in 2023. <a href=\"https:\/\/ycharts.com\/companies\/ETHE\/discount_or_premium_to_nav\" rel=\"nofollow\">ETHE closed out 2022 with an all-time high discount of 59.62%<\/a>, but by April 5, it has dropped to 50.92%, with the lowest discount for the year so far being 46.88% recorded on March 9, 2023.<\/p>\n<h2 class=\"p2\">GBTC Recovery Good For Bitcoin?<\/h2>\n<p class=\"p2\">The Bitcoin price suffered from the uncertainty surrounding Grayscale Bitcoin Trust last year because the trust currently holds over 600,000 BTC which it holds with the Coinbase Custody service. Most of the uncertainty was surrounding whether the contagion from Genesis Trading filing for bankruptcy would spread to the trust.<\/p>\n<p class=\"p2\">GBTC\u2019s team had, however, pacified investors when it revealed that the trust was operated independently and so far, the trust has been able to continue operations. The closing of the discount gap also shows that investor confidence is returning and the GBTC is recovering.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/SrVjdEA8\/\" alt=\"Bitcoin price chart from TradingView.com\" width=\"2824\" height=\"1724\"><\/p>\n<pre style=\"text-align: center\">BTC falls below $28,000 | Source: <a href=\"http:\/\/TradingView.com\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p class=\"p2\">One thing that continues to hold the trust back though is its <a href=\"https:\/\/bitcoinist.com\/grayscale-wont-back-down-bitcoin-etf\/\" rel=\"nofollow\">lawsuit<\/a> with the Securities and Exchanges Commission (SEC) after the regulator denied its filing to turn the trust into a Bitcoin Spot ETF for the second time. The lawsuit is still ongoing but if Grayscale were to emerge victorious, it would be a momentous win for the space and BTC\u2019s price would more likely than not react positively to such news as it would be the first BTC spot ETF in the United States.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/peter-schiff-warns-investors-from-bitcoin-says-they-should-buy-this-instead\/?swcfpc=1\">Peter Schiff Warns Investors From Bitcoin, Says They Should Buy This Instead<\/a><\/div>\n<p class=\"p2\">For now, BTC is still struggling to hold $28,000 and the bears have beaten the price back down to $27,900 once more. However, interest remains high as the Bitcoin <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" rel=\"nofollow\">Fear &amp; Greed Index<\/a> shows investors are still very greedy, pointing to buying pressure for the digital asset.<\/p>\n<div class=\"disclaimer-shortcode\">Follow <a href=\"https:\/\/twitter.com\/BestOwiev\" rel=\"nofollow\">Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading filed for bankruptcy. However, it has seen a better start to the year 2023 as it continues to close the gap on its unusually deep discount in December 2022. As the GBTC makes its way back toward parity with BTC spot market prices, could this be good news or bad news for Bitcoin? Grayscale Discount To NAV Shrinks In December 2022, the Grayscale discount to NAV had climbed to almost 50%, recording a new all-time high in the process. This meant that the trust was trading at about a 50% lower price compared to the price of BTC on the spot market. It would then carry this high discount into January 2023 but the tides began to turn as the crypto market saw a recovery. Related Reading: These Cryptocurrencies Are Well-Positioned To See Gains Ahead Of Ethereum\u2019s Upgrade Slowly but steadily, the GBTC discount has been shrinking over the first quarter of 2023. It has since recovered by over 15% during the three-month period, dragging the discount back down into the 30% territory, a new five-month low. On April 5, 2023, the GBTC discount was sitting at 36.9%, although this is not its lowest point so far for 2023. The lowest discount so far for 2023 was reached on March 8 when it dropped to 34.11%. Nevertheless, it is still a long way from its 2022 highs. GBTC discount falls to 36.9% | Source: YCharts Likewise, the discount to NAV on the Grayscale Ethereum Trust (ETHE) has been recovering in 2023. ETHE closed out 2022 with an all-time high discount of 59.62%, but by April 5, it has dropped to 50.92%, with the lowest discount for the year so far being 46.88% recorded on March 9, 2023. GBTC Recovery Good For Bitcoin? The Bitcoin price suffered from the uncertainty surrounding Grayscale Bitcoin Trust last year because the trust currently holds over 600,000 BTC which it holds with the Coinbase Custody service. Most of the uncertainty was surrounding whether the contagion from Genesis Trading filing for bankruptcy would spread to the trust. GBTC\u2019s team had, however, pacified investors when it revealed that the trust was operated independently and so far, the trust has been able to continue operations. The closing of the discount gap also shows that investor confidence is returning and the GBTC is recovering. BTC falls below $28,000 | Source: BTCUSD on TradingView.com One thing that continues to hold the trust back though is its lawsuit with the Securities and Exchanges Commission (SEC) after the regulator denied its filing to turn the trust into a Bitcoin Spot ETF for the second time. The lawsuit is still ongoing but if Grayscale were to emerge victorious, it would be a momentous win for the space and BTC\u2019s price would more likely than not react positively to such news as it would be the first BTC spot ETF in the United States. Related Reading: Peter Schiff Warns Investors From Bitcoin, Says They Should Buy This Instead For now, BTC is still struggling to hold $28,000 and the bears have beaten the price back down to $27,900 once more. However, interest remains high as the Bitcoin Fear &amp; Greed Index shows investors are still very greedy, pointing to buying pressure for the digital asset. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":525867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1144,78790,7558,7523],"class_list":["post-525862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-gbtc","tag-grayscale"],"acf":[],"yoast_head":"\n<title>Grayscale Discount Continues To Recover, Good News For Bitcoin?<\/title>\n<meta name=\"description\" content=\"The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grayscale Discount Continues To Recover, Good News For Bitcoin?\" \/>\n<meta property=\"og:description\" content=\"The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-06T23:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:46:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415\" \/>\n\t<meta property=\"og:image:width\" content=\"2119\" \/>\n\t<meta property=\"og:image:height\" content=\"1415\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Grayscale Discount Continues To Recover, Good News For Bitcoin?\",\"datePublished\":\"2023-04-06T23:00:52+00:00\",\"dateModified\":\"2024-06-11T09:46:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/\"},\"wordCount\":555,\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415\",\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"BTCUSDT\",\"gbtc\",\"grayscale\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/\",\"url\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/\",\"name\":\"Grayscale Discount Continues To Recover, Good News For Bitcoin?\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415\",\"datePublished\":\"2023-04-06T23:00:52+00:00\",\"dateModified\":\"2024-06-11T09:46:01+00:00\",\"description\":\"The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#primaryimage\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415\",\"width\":2119,\"height\":1415,\"caption\":\"Shadow of a bull on a blue background.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Grayscale Discount Continues To Recover, Good News For Bitcoin?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ktsl888.com\/#website\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/www.ktsl888.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Grayscale Discount Continues To Recover, Good News For Bitcoin?","description":"The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/","og_locale":"en_US","og_type":"article","og_title":"Grayscale Discount Continues To Recover, Good News For Bitcoin?","og_description":"The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading","og_url":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-04-06T23:00:52+00:00","article_modified_time":"2024-06-11T09:46:01+00:00","og_image":[{"width":2119,"height":1415,"url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#article","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/"},"author":{"name":"Best Owie","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Grayscale Discount Continues To Recover, Good News For Bitcoin?","datePublished":"2023-04-06T23:00:52+00:00","dateModified":"2024-06-11T09:46:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/"},"wordCount":555,"publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415","keywords":["bitcoin","bitcoin price","btc","btcusd","BTCUSDT","gbtc","grayscale"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/","url":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/","name":"Grayscale Discount Continues To Recover, Good News For Bitcoin?","isPartOf":{"@id":"https:\/\/www.ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#primaryimage"},"image":{"@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415","datePublished":"2023-04-06T23:00:52+00:00","dateModified":"2024-06-11T09:46:01+00:00","description":"The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading","breadcrumb":{"@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#primaryimage","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415","width":2119,"height":1415,"caption":"Shadow of a bull on a blue background."},{"@type":"BreadcrumbList","@id":"https:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Grayscale Discount Continues To Recover, Good News For Bitcoin?"}]},{"@type":"WebSite","@id":"https:\/\/www.ktsl888.com\/#website","url":"https:\/\/www.ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/www.ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/www.ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Grayscale Discount Continues To Recover, Good News For Bitcoin?","url":"http:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/news\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btcusd","btcusdt","gbtc","grayscale"],"dateCreated":"2023-04-06T23:00:52Z","datePublished":"2023-04-06T23:00:52Z","dateModified":"2024-06-11T09:46:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Grayscale Discount Continues To Recover, Good News For Bitcoin?\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/grayscale-discount-continues-to-recover-good-news-for-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/iStock-1409541251.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/iStock-1409541251.jpg?fit=2119%2C1415\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\",\"gbtc\",\"grayscale\"],\"dateCreated\":\"2023-04-06T23:00:52Z\",\"datePublished\":\"2023-04-06T23:00:52Z\",\"dateModified\":\"2024-06-11T09:46:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/iStock-1409541251.jpg?fit=2119%2C1415","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/525862"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=525862"}],"version-history":[{"count":0,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/525862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/525867"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=525862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=525862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=525862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}