GBTC ‘discount’ hits smallest since 2021 despite BTC price at 3-month lows

Bitcoin (BTC) financial investment vehicle, the Grayscale Bitcoin Trust (BTC), now trades at simply 17% listed below BTC price parity.The latest data from monitoring resource CoinGlass validates that as of Sep. 9, GBTC shares traded at 17.17% less than BTC/USD. GBTC backtracks nearly two years of lossesBitcoins largest institutional financial investment vehicle, GBTC has seen its fortunes enhance substantially considering that news that BlackRock, the worlds biggest property supervisor, said that it planned to submit an application for the United States very first Bitcoin area price-based exchange-traded fund (ETF). October is traditionally really bullish,” popular trader and expert CryptoCon told X fans in part of commentary on the day.CryptoCon included a chart flagging late November as a crucial time to watch for indications of life on Bitcoin throughout pre-halving years.This echoes an existing theory, which specifically offers Nov. 28 as the “bull run launch” date for Bitcoin cost once every four years.BTC/ USD annotated chart.