Synthetic Bitcoin Report – May 22

This report presents the daily trading premium to NAV and Bitcoin equivalent volume for any exchange listed investment securities that track Bitcoin. The report will analyse GBTC (the OTC Markets listing of the Bitcoin Investment Trust), and XBT ( an ETN listed on the Nasdaq OMX Nordic).



A lacklustre day for GBTC. Volume fell to 288 Bitcoin and the premium held constant at 35%.

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Volume picked up to 681 Bitcoin. The premium has remained in a -0.20% to 0.20% band the entire week.