Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV
The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles.
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The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles.
Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time.
The New York-based hedge funds want Grayscale to cough up information about its flagship Bitcoin trust which it believes could reveal potential mismanagement.
Grayscale is fighting the good fight on behalf of everyone in cryptocurrency.
"It's net good news for GBTC shareholders and FUD fighting," said Selkis.
The fallout from the FTX collapse continues to reverberate across the crypto market. Institutions are using this opportunity to short BTC.
Bybit launching a $100 million fund and Binance’s proof of reserves might have marked the cycle low at $15,500.
Regulators failed to regulate, and venture capital firms invested without conducting the proper due diligence.
An independent analyst has confirmed that GBTC owns approximately 633,000 Bitcoin held by its custodian – Coinbase Custody. This comes as Grayscale, the asset manager running the world’s largest bitcoin…
After Grayscale Investments shared information concerning the company’s product holdings, people questioned why the firm wouldn’t share the public addresses associated with the crypto assets it holds. However, on Nov.…