Chart Of The Day: Bitcoin Trust Spikes On Stock-Split

With Bitcoin prices down around 5% overnight and unchanged from Friday's close, shares of the Grayscale Bitcoin Investment Trust are up 8% this morning following news of a 91-for-1 stock split...

GBTC is surging on nothing more than a stock-split...

(Click on image to enlarge)

Sending GBTC's implied price for Bitcoin to over $17,600 - a 55% premium to the underlying price!

(Click on image to enlarge)

Disclosure: Copyright ©2009-2018 Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.