Why is GBTC up 23% today, while Bitcoin is only up about 3%?

Why is GBTC up 23% today, while Bitcoin is only up about 3%?

As far as I know, the Grayscale Bitcoin Investment Trust (symbol GBTC) is currently the closest thing on the market to a Bitcoin ETF.

According to their web page, the investment objective of the trust is that:

Shares track the bitcoin market price, less fees and expenses

It also says that each share represents 0.09196847 Bitcoins.

According to Coindesk, Bitcoin is up about 3% today (Dec 12, 2017). If GBTC is supposed to track the bitcoin market price, then I would expect it to also be up around 3% today (obviously it may not be exactly 3% due to possible differences in the opening/closing times for Bitcoin and GBTC). But GBTC is up a whopping 23% today, according to Yahoo.

Why is there such a huge discrepancy in the price movement between Bitcoin and GBTC today, if GBTC is supposed to track Bitcoin?

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