Grayscale Bitcoin Trust sells bitcoin for $ 12,500

According to Arcane Analytics researchers, bitcoin can be purchased 36% cheaper than on the cryptocurrency market using funds such as the Grayscale Bitcoin Trust (GBTC), which is one of the main ways for most institutional investors to access the cryptocurrency market.

Important: not financial advice!

As analysts explained, GBTC’s discounts on net asset value (NAV) have reached record levels, making the purchase of Cryptocurrencies through the fund much more profitable (in a sense) than through cryptocurrency exchanges. Therefore, investing in GBTC can be called a «good prospect,» but only for large investors. After all, the minimum investment threshold is $ 50,000 (for this amount, you can buy 4 BTC worth $ 12,500 from GBTC). And many other things will put ordinary investors off GBTC, such as the need for transparency, KYC, the attention of the United States and other progressive countries to customer assets, and the need for taxation.

As for the cryptocurrency market, experts say that the inflow of funds from crypto whales is minimal now. According to analysts, the crisis will continue until the first results of tight monetary policy in the United States to combat rising inflation are seen.

Changpeng Zhao, the chairman of the largest cryptocurrency exchange Binance, shares a similar opinion, believing that cryptocurrency regulation will allow investors to get more and be confident in the security of their funds. «It is good to see the US moving towards the proposed crypto system. The right approach will help protect consumers, markets, and spur responsible innovation… A whole-of-government approach to regulating the cryptocurrency industry in the US will provide the necessary consistency and clarity,» Changpeng Zhao said on his Twitter page in late September.