There is 0.00909183 BCH per share. At the $435 BCH market price, each share is worth 0.00909183 x $435 = $3.95 per share But each share only costs $2.85 which is equivalent to buying each BCH at $313.46 (2.85 / 0.00909183 = $313.46)
$122/$313.46 = 39%. This is a 39% Discount compared to market price of $435
Source: https://grayscale.com/products/grayscale-bitcoin-cash-trust/
All crypto is backed by real BCH and stored with Coinbase Custody.
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