I've been getting more curious about Grayscale due to threads on here, and especially because it is an investment trust company.
Therefore if the shares are popular, then they can cost more than the total Bitcoin it holds, known as a
premium (it also goes the other way known as a
discount).
I've got a vague idea how this works because I keep an eye out and buy traditional shares investment trusts when they dip into a discount. Many people also trade this variance actively.
You can see a graph of this here:
https://ycharts.com/companies/GBTC/discount_or_premium_to_navHowever, looking at that chart, I might naively think that the institutions and special investors who can afford Grayscale started taking profit on 21st December. So what happened?
Selling off to buy Christmas presents for the entire company?