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Canada's Purpose Bitcoin ETF may be cutting into Grayscale's market share

Published 04/01/2021, 09:55 PM
Updated 04/01/2021, 11:40 PM
Canada's Purpose Bitcoin ETF may be cutting into Grayscale's market share
BTC/USD
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For the first time, shares in Grayscale’s Bitcoin Trust traded at a discount compared to spot BTC for an entire month.

Rafael Schultze-Kraft, the CTO of on-chain analytics provider Glassnode, shared the observation to Twitter on April 1, noting shares in the institutional fund manager’s Bitcoin Trust had traded at a notional discount of -6% on average during March.

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