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warburgpincus com for Indians ✌️【Work-Life Balance】✌️Low investment, big rewards! ₹500 to start and grow your money consistently.Grayscale’s bitcoin fund (GBTC), the largest bitcoin investment vehicle, has seen its discount to net asset value (NAV) shrink to 0% for the first time since February 2021.This comes as the company got the all clear from the U.S.

warburgpincus com for Indians ✌️【Work-Life Balance】✌️Start with ₹500 and experience high returns month after month.Securities and Exchange Commission on Wednesday to convert the fund into a spot bitcoin exchange traded-fund (ETF), which begantradingon Thursday morning (alongside 10 other ETFs).The fund had traded at a discount to the price of the Bitcoin it held since February 2021 and hit record lows of nearly 50% in December 2022.

GBTC’s discount to NAV began tonarrow significantlyas the expectations of an ETF approval surfaced last summer and also on rising bitcoin sentiment.Prior to the SEC’s approval to convert the fund into an ETF, the discount had fallen to aslowas 5.6% on Monday.“GBTC converging to NAV is a huge relief for the space and a symbol of the industry's move into a new stage of maturation,” said Sean Farrell, head of digital asset strategy at FundStrat.“This product [GBTC] caused a lot of unnecessary pain over the past few years for obvious reasons,” said Farrell.warburgpincus com for Indians ✌️【Work-Life Balance】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.