Will Grayscale's Bitcoin Trust premium reduce anytime soon? - AMBCrypto
Grayscale is by far, the most popular investing company in the U.S with its popular investment tool Grayscale Bitcoin Trust [GBTC]. It is obvious that Grayscale Investment hasn't had a serious competitor for a very long time and this has caused the company and its investors to enjoy a monopoly over crypto investments.
Although SEC and the concerned regulatory bodies have rejected a Bitcoin ETF for the longest, there are alternative products for institutional investors and Grayscale is at the forefront of it, at least in the U.S.
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