The world’s largest Bitcoin fund is surging faster than the cryptocurrency itself as investors anticipate that an ETF centered on the token could soon launch. The Grayscale Bitcoin Trust (ticker GBTC) is trading about 14% intraday below the value of its underlying holdings, the narrowest such reading going back to 2021, according to data compiled by Bloomberg Intelligence. The discount stood near 50% earlier this year. The shares of the trust have rallied much more than the digital asset itself this year, with GBTC gaining 164% and Bitcoin adding about 71%. On Friday, the US Securities and Exchange Commission ... (full story)