Grayscale’s Bitcoin Trust Rallies With Worst-Case Elusive
- GBTC jumps 12% in biggest one-day increase since February 2022
- Winklevoss’s Jan. 8 deadline for Silbert passed without issue
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The world’s biggest Bitcoin fund outperformed other risk assets Monday as a weekend deadline for its parent company came and went without any fireworks.
The $10.7 billion Grayscale Bitcoin Trust (ticker GBTC) soared 12% to start the week, its largest one-day jump since February 2022. The fund has done better than Bitcoin itself as of late, narrowing the discount to its net-asset value to 44% from a record of 49% reached last month.