Bitcoin Fund Market Trades at 5.9% Discount, the Lowest Level in Two Years

BlockBeats News, June 4th, analyst Maartunn quoted CryptoQuant data indicating that the current Bitcoin fund market premium has reached -5.9%, the lowest level in two years. This means that Bitcoin ETFs like IBIT and GBTC are currently trading at a 5.9% discount relative to their Net Asset Value (NAV). This indicates that the market's demand for exposure to these funds has significantly weakened compared to the value of their underlying holdings.