Grayscale's Discount Almost Reaches 50%, 1 BTC Exposure Now Costs $8,400
The exposure price via one of the biggest trusts on the market has dropped to a yet unseen low. The unimaginable 50% discount to NAV is a new record we have never before witnessed.
If Grayscale’s Bitcoin ETF Dreams Fail, Firm May Try a Tender Offer, CEO Says
Grayscale Investments said the firm would explore new options to return a portion of the Grayscale Bitcoin Trust capital to shareholders if it fails to transform the world’s largest bitcoin fund into an exchange-traded fund.
Grayscale Bitcoin Trust Discount Reaches Record 50%
Grayscale Bitcoin Trust (GBTC) shares hit a record-high discount rate relative to the price of bitcoin (<a href="https://www.coindesk.com/price/bitcoin/">BTC</a>), pushing past 50% for the first time after the U.S. Securities and Exchange Commission <a href="https://www.coindesk.com/policy/2022/12/12/sec-strikes-back-in-grayscale-suit-over-gbtc-etf-conversion/">reiterated its reasons for denying</a> an application to convert the world’s largest bitcoin fund into an exchange-traded fund.
GBTC Discount Nears 50%, Crypto Investors Worry About Another Sell-Off
The Grayscale Bitcoin Trust (GBTC) is selling at a 48.62% discount, worrying investors and analysts. They believe a sell-off could be imminent as DCG also faces financial issues.
Grayscale’s GBTC Discount to NAV Hits All-Time Low of 47%
The price of Grayscale Bitcoin Trust (GBTC) versus the bitcoin it actually holds hit an all time low on Wednesday, with the discount ratio reaching 47.3%, according to data from The Block.
GBTC ‘Elevator to Hell’ Sees Bitcoin Spot Price Approach 100% Premium
Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC), is trading close to 50% below the BTC price on spot markets.
Grayscale Faces Lawsuit as GBTC Plunges to Record Low 43% Discount
New York-based hedge fund Fir Tree Capital Management has filed a lawsuit against digital asset manager Grayscale Investments over “potential mismanagement and conflicts of interest” at the firm’s flagship Bitcoin fund, according to a Bloomberg report.
Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg
Hedge fund Fir Tree is suing crypto investment firm Grayscale to obtain details about its flagship Grayscale Bitcoin Trust (GBTC), in order to investigate potential mismanagement and conflicts of interest, according to a report from Bloomberg.
GBTC’s Near $11 Billion Assets Under Management Pose a Risk in the Bear Market: UBS
The size of Grayscale's Bitcoin Trust (GBTC) could pose a potential problem for the entire market — at least according to a UBS report.
White Man Always Be in Charge – Little Games Barry Silbert Playing With DCG, Grayscale, and Genesis
Barry Silbert, the man atop this shaky DCG / Genesis / GBTC empire, shows how stereotypes hinder investors’ ability to properly manage risk.
