‘GBTC Is the Gift That Keeps Giving,’ as It Surpasses Nvidia (NVDA) With 220% Gain

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“As the GBTC ETF conversion approval seems increasingly likely, investors know that market makers will bring the price back to NAV as soon as it starts trading. As this investment instrument normalizes back to NAV value for investors, it seems likely that short BTC pressure will subside and support upward pressure on BTC spot price,” Alexander S. Blume, managing partner at Two Prime Digital Assets, told CoinDesk.

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