BitMEX Research: There was a 1.78% price difference today between the spot ETFs GBT and IBIT

TechFlow reported, BitMEX Research stated on X that based on real-time pricing and today's spot ETF trading, Grayscale's GBTC is trading at a 1.24% discount, while BlackRock's IBIT is trading at a 0.54% premium, resulting in a spread of 1.78%. According to this data and fee differentials, the market expects substantial GBTC redemptions to continue for over a year.