TechFlow news, according to Grayscale's latest blog post, under the ETF structure, GBTC shares are expected to track the price of Bitcoin more closely, meaning any premium or discount of the GBTC share price will disappear.
As of November 29, 2023, GBTC had $23.4 billion in assets under management, with a negative premium of 8.09%, equivalent to $1.89 billion. Assuming the current negative premium disappears after GBTC lists on NYSE Arca and converts into an ETF, the arbitrage mechanism would unlock approximately $1.89 billion in value for investors.




