Auto Added by WPeMatico
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the…
Grayscale may consider a 20% tender offer on GBTC shares if its bid to convert into a Bitcoin spot ETF ultimately fails, said CEO Michael Sonnenshein to investors on Monday.…
The proposed offer would require both SEC relief and shareholders' approval.
Bitcoin does not look good when it comes to sustained BTC price upside, traders warn, as GBTC reaches a fresh record discount.
The SEC is looking to block an appeal from Grayscale Investments after denying its proposed Bitcoin exchange traded fund.
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.