Bullish Case: Grayscale's planned fee reduction and improving regulatory environment for Bitcoin ETFs may incentivize new investor inflows, potentially boosting GBTC price and narrowing its NAV discount further.


Bearish Case: Increasing competition from lower-cost ETFs, persistently high outflows, and the uncertainty of regulatory approvals may suppress GBTC's price despite recent positive sentiments.


Potential Outcomes:

1. SEC approves Grayscale ETF, leading to influx and price rise (30%).

2. Persistent outflows and competition depress prices further (40%).

3. Regulatory uncertainty continues, maintaining volatility and discount (30%).


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April 19, 2024


Grayscale Bitcoin Forecast

GBTC        Grayscale Bitcoin
Price Forecast: BULLISH    Price Action: TRENDING (?)











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