Bitcoin is Trading at Extreme Premium in Stock MarketThe demand toward Bitcoin is also increasing at a rapid rate in the public stock markets. Some ETFs and instruments including Bitcoin Investment Trust are being traded with extreme premium rates.
Barry Silbert-led Digital Currency Group’s subsidiary company Grayscale Investments operates one of the most frequently traded and popular publicly quoted securities based on Bitcoin price.
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.
The public stock marketn the US stock market, accredited traders and institutional investors are buying into Bitcoin with instruments such as GBTC.
Although many investors have moved onto regulated trading platforms, such as Kraken, Coinbase’s GDAX and the Winklevoss twins’ Gemini, a large portion of accredited investors still rely on publicly quoted Bitcoin securities such as GBTC to invest in the digital currency.
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.
https://cointelegraph.com/news/bitcoin-is-trading-at-extreme-premium-in-stock-market