Grayscale’s GBTC Discount Closes to Zero for First Time Since February 2021

In the past, liquidity was only available over-the-counter in the secondary market, but now that the fund has been converted to an ETF, Authorized Participants are clever to create and redeem ETF shares at NAV, tethering the market price of the ETF to its NAV, said Matt Kunke, crypto research analyst at GSR, in an interview with CoinDesk.