Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30%

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Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30%
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  • 📰 Cointelegraph
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With the markets struggling in the past few weeks, Grayscale Bitcoin Trust shares were down 30%, and the institutions couldn't resist buying the dip.

with the U.S. Securities and Exchange Commission . Its year-over-year performance as of March 6, 2022, came to be around minus 43%.

Digital Currency Group, Grayscale's parent company, has attempted to reduce the discount by buying back GBTC shares. But its efforts have been mired further by the

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