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 priceBitcoin 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}}

Interpretation

Higher the premium indicates the U.S. bullish market, which also indicates downside risk. On the other hand, the lower premium indicates market bearish, which also indicates the upside risk.

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Last modified 3mo ago