JP Morgan Chase indicator: GBTC Premium negative due to institutional trading and Canadian Bitcoin ETF trading.

According to a report by TheBlockCrypto, JP Morgan's analysis shows that the Bitcoin Trust (GBC) grayscale price has gone negatively, and both could be after this exchange. The main reason is that some companies are now selling GBTC to fund their payments. This sale not only lowers the GBTC value of the premium relative to its asset value, but also lowers the value of Bitcoin due to the high volume and value of the GBTC symbol. . The second reason is that Canada recently announced a new Bitcoin ETF, which will weaken the GBTC and reduce its value for the price of the asset, which is available to US investors.