It looks like pre-positioning for the opening oral arguments of Grayscale’s litigation against the SEC for ETF approval which goes live today, March 7, at 9:30 am ET. CryptoSlate will be reporting the argument live on our website.
GBTC was up 4.62% on March 6, while BTCUSD was flat to negative -0.40%.
GBTC is up 44% YTD, while BTC is up 34%.
GBTC: (Source: Trading View)