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Benzinga

Business

Chris Katje

Popular Bitcoin Trust Hits New Lows And Historic Discount

Bitcoin Grayscale Bitcoin Trust Crypto Cryptocurrency

A well-known Bitcoin trust that has been an early way for investors to get exposure to the leading cryptocurrency without opening crypto native accounts hit new 52-week lows recently. Here’s a look at what’s going on with the Grayscale Bitcoin Trust (OTC:GBTC).

What Happened: On Friday, shares of the Grayscale Bitcoin Trust hit new 52-week lows of $11.03. The drop comes during the crypto bear market and as Bitcoin (CRYPTO: BTC) is trading above its yearly lows.

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