As the fear of unlocking fades, the GBTC premium matches the level of the Bitcoin price collapse

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As the unlocking fear subsides, the GBTC premium matches the level of the Bitcoin price crash

Grayscale Trust (GBTC) echoes Bitcoin’s bullish sentiment (Bitcoin), because its premium to spot prices rose to the highest level since May.

Data from analytical resources byte On Tuesday, the so-called gray premium is -5.88%. The last time it was close to zero was on May 25th.

GBTC premium chart. Source: Bybt
Objective Bitcoin ETF asset management chart. Source: Bybt