GBTC ETF Hindering Bitcoin’s Path to $100,000

- GBTC ETF enables investors to track Bitcoin's price without owning the cryptocurrency directly. - It serves as a regulated bridge for both institutional and retail investors to access the digital currency market.

- GBTC's existence has broadened Bitcoin's exposure and attractiveness to investors. - The premium attached to GBTC initially drove up Bitcoin's price but has become a source of contention as alternatives emerged. - Periodic unlocking phases in GBTC's structure fuel market volatility and affect investor sentiment, although the direct impact remains debated.

As Bitcoin aims for $100,000, the role of investment tools like GBTC ETF is crucial. However, challenges within its structure could impact Bitcoin's journey to higher valuations...

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