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).
GBTC premium declined slightly to 32.5%. The market is settling around a 35% premium for this product. Volume recovered to 500 XBT.
The XBT discount widened to -0.30%. Volume held steady at 643 XBT. The product has demonstrated encouraging demand especially since it trades more than the better publicised GBTC.