Grayscale CEO: If GBTC Gets Approval It Could Return a ‘Couple Billion Dollars’ to Investors
Grayscale Investments CEO Michael Sonnenshein “can’t imagine” why the United States Securities and Exchange Commission (SEC) “wouldn’t want” to protect Grayscale investors and return the true asset value to them, in a recent podcast interview.
GBTC Discount Widens to Highest Point in 2023
Grayscale Bitcoin Trust (GBTC) is trading at a discount of 47.35% to the underlying assets’ net asset value (NAV) as of Feb. 15 — a record low for the current year.
Grayscale Bitcoin Fund (GBTC) 47% Discount As DCG Navigates Treacherous Waters
The Grayscale Bitcoin Trust (GBTC) has dropped to a discount of 47%. This is a near-record markdown for the fund, which saw its biggest discount in December 2022.
Grayscale’s GBTC Discount Widens to Near-Record High
Grayscale’s Bitcoin Trust (GBTC), the world’s largest publicly traded bitcoin fund, has seen its discount widen to near record highs.
DCG Offloads Grayscale Shares to Raise Capital: Report
Cryptocurrency conglomerate Digital Currency Group (DCG) has reportedly begun to sell its holdings in crypto funds managed by its subsidiary Grayscale Investments as it looks to raise capital and preserve liquidity. According to a Feb. 7 Financial Times report citing seen United States securities filings, DCG sold around a quarter of its shares in Grayscale’s Ether-based fund for around $8 per share, despite each share holding a claim to nearly double that amount in ETH. (Cointelegraph)
Grayscale Continues to Challenge SEC for Spot Bitcoin ETF Conversion
Grayscale announced that it had filed its final briefs in its litigation against the SEC to challenge the decision to deny the conversion of the Grayscale Bitcoin Trust into a spot Bitcoin ETF on Feb. 7.
DCG Is Selling Holdings in Grayscale: Financial Times
Digital Currency Group (DCG) has started selling holdings in several investment vehicles run by its subsidiary and digital assets manager Grayscale at a steep discount, according to a Financial Times report citing U.S. securities filings.
Crypto Assets Under Management Surge 36.7% in January as Markets Recover, But Grayscale Situation Remains “Delicate”
Total assets under management (AUM) for digital asset investment products surged a whopping 36.8% to $19.7 billion in January, its highest level since May 2022, CryptoCompare said in its latest monthly Digital Asset Management review report.
Grayscale Sued by Osprey Funds for Misleading Advertising on GBTC’s Conversion into an ETF
Osprey Funds is suing Grayscale Investments for false and misleading advertising regarding the conversion of its GBTC trust into a spot Bitcoin ETF.
Osprey Funds Accuses Grayscale of ‘Unfair’ Practices in Lawsuit
Digital asset manager Osprey Funds has filed a suit in a U.S. court against Grayscale Investments, operator of the world’s largest Bitcoin trust, claiming that the firm misrepresented the likelihood that the trust could ever become an exchange-traded fund (ETF).
