Bitcoin Surpasses $28,000 Despite Legal Action Against Top Crypto Exchanges

Bitcoin has managed to exceed $28,000 again, fascinatingly in a month when the SEC has successively sued the two largest cryptocurrency exchanges. This is electrifying because trillions dollar giants are accelerating their steps in cryptocurrency. More importantly, the improvement on the GBTC side is significant, DCG founder Silbert might be sleeping more comfortably these days. GBTC Negative Premium Declines The GBTC is a Bitcoin trust and lacks redemption capabilities like an ETF. Rumors about the company and negative events related to cryptocurrencies have often brought it below its inherent value. However, for the first time since May 4, the negative premium for GBTC fell to -36.61%. This metric is crucial to track how far a security trades from its actual value. It’s particularly important for closed-end funds (CEFs) since they don’t issue additional shares after the initial offer. This can lead to the price deviating from the actual net asset […] The post Bitcoin Surpasses $28,000 Despite Legal Action Against Top Crypto Exchanges appeared first on COINTURK NEWS.