GBTC Premium or Discount

The percent difference between the market price(GBTC) and native asset value(BTC). Higher the premium indicates the U.S. bull market.

Definition
The percent difference between the market price(GBTC) and native asset value(BTC).
Premium=GBTC price−Bitcoin per share * Bitcoin priceBitcoin per share * Bitcoin price\text{Premium} = \frac{\text{GBTC price} - \text{Bitcoin per share * Bitcoin price}}{\text{Bitcoin per share * Bitcoin price}}Premium=Bitcoin per share * Bitcoin priceGBTC price−Bitcoin per share * Bitcoin price​
Interpretation
High premium: it indicates the U.S. bullish market, which also indicates downside risk.
Low premium: it indicates the U.S. bearish market, which also indicates the upside risk.
Link to Our Data
​Grayscale Bitcoin Trust (GBTC) in CryptoQuant Live Chart​
​Grayscale Bitcoin Trust (GBTC) in CryptoQuant Data API docs​

GBTC Digital Asset Holdings

Grayscale Ethereum Trust (ETHE)

Last modified 1yr ago