Grayscale Bitcoin Trust (GBTC), which trades under the ticker GBTC, has had a rough start to the year, falling more than 18% since January 1, 2022. The drop is a result of external Cryptocurrency gulf, where Bitcoin has dropped about 9% of its value and is now trading at $41,818. In contrast to its Bitcoin holdings, where the drop in Bitcoin only extended the discount gap, the Trust closed at a 26.5 percent lower price.