Tags : premium

Bitcoin

Grayscale Bitcoin Trust to Convert to an ETF, Premium Remains

Earlier this Monday, Grayscale Investments announced its plans to transform Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Up until recently, GBTC was one of the only investment funds for institutions and retail investors alike. Amidst growing competition, however, the fund’s high management fees and stringent lock-up periods lost favor with many investors. Since February, […]Read More

Bitcoin

Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns

Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 3.21%.  In South Korea, however, the resurgence of the local crypto scene and tightening regulations have led Bitcoin prices […]Read More

Bitcoin

What is the ‘Kimchi Premium’ and why is it a

What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin? Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin is trading at nearly $66,000 in South Korea. This is not a typo nor a faulty API giving false data either, but a […]Read More

Bitcoin

GrayScale Bitcoin Trust (GBTC) Premium Sinks To All-Time Lows

Since trading at a negative for nearly 2 months, GrayScale Bitcoin Trust (GBTC) premium plummeted to -14.21% this morning. Historically, GBTC has traded at a high premium relative to the underlying Bitcoin, commanding an average of 15.02% premium since the fund’s inception. But as competition grows and firms create cheaper, more accurate financial products, GBTC’s […]Read More

Market

Bitcoin Retail FOMO Brings a Heap of ‘Kimchi Premium’ to

The “kimchi premium” has returned. Price premiums for bitcoin on South Korean exchanges have hit two-year highs, indicating retail investment interest in cryptocurrencies is surging in that country. However, analysts and traders warn that certain market players could take advantage of arbitrage opportunities, resulting in short-term price volatility. The “kimchi premium,”  named for a popular […]Read More

Litecoin

Institutions are buying Litecoin (LTC) at a 1,200% price premium

Litecoin demand among institutional investors on Grayscale Investments surged last week ahead of the protocol’s Mimblewimble upgrade and as fears of inflation have risen among US investors, as per reports. Litecoin sees 1,000% premiums Data from on-chain analytics firm Arcane Research showed Litecoin briefly traded at a 1,200% premium on Grayscale’s newly launched Litecoin trust. […]Read More