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 trading volume nose dived to 115 XBT. The product is losing steam vs. its European competitor XBT. The premium stayed flat at 35%.
XBT had its second biggest volume day at 756 XBT yesterday. The ETN continues to trade at a slight 0.30% discount to fair value.