The negative premium rate of gray bitcoin trust rose to 44.55%

According to the report, the data of coinglass shows that the current total position of gray scale is 18.799 billion US dollars, and the trust premium rate of mainstream currency is as follows: BTC, – 44.55%; ETH，-53.78%； ETC，-68%； LTC，-46.84%； BCH，-23.64%。

Interpretation of this information:

The message is about the current total position of grayscale, a digital currency investment firm, which stands at a whopping $18.799 billion. The report highlights the trust premium rate of several mainstream currencies, including Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), and Bitcoin Cash (BCH). The trust premium rate is the difference between the market price of the cryptocurrency and the price paid by investors for the trust.

The report reveals that the trust premium rate of BTC is -44.55%, which means that the market price of BTC is 44.55% higher than the price paid by investors for the trust. Similarly, the trust premium rate of ETH is -53.78%, which indicates that the market price of ETH is 53.78% higher than the price paid by investors for the trust. The trust premium rate is lowest for ETC at -68%, while BCH has the lowest negative rate at -23.64%.

The data presented in the report highlights the volatility of the cryptocurrency market and how it reflects in the trust premium rates. The negative trust premium rates of mainstream currencies indicate that investors are paying less than the market price of these cryptocurrencies. It can be an attractive opportunity for potential investors to make an investment as they could potentially hold the currency for a longer period and profit from a higher market value.

The report also shows that Grayscale has been actively investing in different cryptocurrencies, and their current position is significant. Grayscale is known to be one of the most massive investors in the crypto industry, and their investment strategies are worth looking into.

In summary, the message mentions the current position of Grayscale, the trust premium rate of different cryptocurrencies, and the difference between the market price and the price paid by investors for the trust. The negative trust premium rates of mainstream currencies reflect the volatile nature of the cryptocurrency market, and potential investors may find it attractive to invest in these currencies. The three key takeaways from this message are Grayscale’s current position, trust premium rates, and the volatility of the cryptocurrency market.