GBTC Discount Narrows, Bitcoin Trades Above $22,000 As Silvergate Leads Drop in Stocks
Grayscale's premier fund traded higher as its discount narrowed following what some perceived as a successful day in court. Crypto prices slipped across the board, and crypto-related equities also dipped.
GBTC Discount Narrows by Over 42% as Grayscale-SEC Face Off Inches Closer
At the center of the Grayscale-SEC drama is Grayscale Bitcoin Trust (GBTC) – the world’s largest Bitcoin fund – which has for two years been trading at a steep discount to the crypto-asset it holds. This has caused much pain in the market.
GBTC Bucks Trend, Surged 4.5% While BTC Remains Steady Ahead of SEC Hearing
It looks like pre-positioning for the opening oral arguments of Grayscale’s litigation against the SEC for ETF approval which goes live today, March 7, at 9:30 am ET.
FTX Sues Grayscale as It Seeks $250 Million in Its Trust
Bankrupt digital currency trading firm FTX Derivatives Exchange, through its sister trading firm, Alameda Research, has filed a lawsuit against Grayscale Investment. The case was filed in the Court of Chancery in the State of Delaware, and it names its CEO, Michael Sonnenshein, and the parent company, Digital Currency Group, as defendants.
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 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.
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.
