Bitcoin trading in US public stock market.Institutional investor and trader are buying into bitcoin with instruments such as GBTC.
According to post "Each share of Bitcoin Investment Trust (GBTC) represents 10 percent of Bitcoin price and at the time of writing, GBTC is being traded at $417".
Currently, the share price of GBTC demonstrates a staggering 48.92 percent premium rate for investors in the public stock market. The global average Bitcoin price, calculated by averaging the price of each Bitcoin exchange market, including the US, South Korea, Japan and China at the time of writing is $2,767.
In the public stock market, through instruments such as GBTC, Bitcoin is being traded at well over $4,000.
All of the abovementioned factors have led to an increase in the confidence of accredited and institutional investors that are investing into Bitcoin through regulated channels such as Grayscale Investment’s GBTC.