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Bitcoin funds trade at 5.9% discount to NAV, lowest in two years, as investors prefer holding Bitcoin directly.

Market News
04 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Bitcoin funds are currently trading at a 5.9% discount to their net asset value (NAV), the lowest level in two years, indicating that investors are increasingly choosing to hold Bitcoin directly rather than through fund products. This discount is seen across major funds like BlackRock’s iShares Bitcoin Trust and Grayscale Bitcoin Trust. While spot Bitcoin ETFs are designed to trade close to NAV, selling pressure and reduced inflows have widened the discount. For investors, this discount could represent a buying opportunity if it narrows, but there is risk it could widen further, as seen in past prolonged discount periods.

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