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Grayscale Bitcoin Trust (GBTC) Trading at 40 Percent Premium; ‘Big Money Coming In’

The Grayscale Bitcoin Trust (GBTC) is trading at a premium, which works out to a Bitcoin price of almost $15,000 – indicating that further gains are imminent. 

‘Big Money Coming In’ Via GBTC

Data from Grayscale’s recent performance placed it trading at $14.64 as of June 24. At these levels, investors are working with a Bitcoin price of $14,640. 

The premium, which amounts to around 30 percent, is not new but has increased significantly as Bitcoin cements its position in the latest three-month-long bull run. 

At one point, GBTC traded above $15 at a 40 percent premium, leading to suggestions that substantial upward market moves were still on the horizon.

“Big money coming in!” one popular online trader summarized on Monday linking to the data.

$BTC big move might be coming.. $GBTC is trading at a 40% premium right now. Big money coming in!

I am long $GBTC in my Roth IRA and as a long-term trade #Bitcoin #Cryptocurrency pic.twitter.com/ZRGVCuJoVQ

— CryptoCurrency 

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