BitMEX Research: Today's spot ETF trading GBT and IBIT prices have a difference of 1.78%
BitMEX Research indicates that based on real-time prices and today's spot ETF trading, Grayscale GBTC is trading at a 1.24% discount, while BlackRock IBIT is trading at a 0.54% premium, with a difference of 1.78%. According to this data and the difference in fees, the market expects large-scale GBTC redemptions to continue for more than a year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
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