According to Coinglass data, the current total value of Grayscale's holdings is approximately $22.729 billion, with a premium rate of 24.90% for the Grayscale Bitcoin Trust (GBTC) and a premium rate of 34.43% for the ETH Trust. In addition, the premium for the ETC Trust is 53.66% and for the LTC Trust it is 23.46%.

According to YCharts.com, on Friday the trading price of GBTC was discounted by 26% compared to its net asset value (NAV). On August 14th, this ratio had dropped to just under 24%, a decrease of about 20 percentage points from the approximately 44% discount on June 13th.

ARK Fund's holdings data shows that from August 1st to now, ARK Fund has sold a total of 89,994 shares of GBTC, worth approximately $1.56 million at current prices. As of the close of trading on Friday, GBTC closed at $17.4.

According to Coinglass data, the total value of Grayscale Fund's current holdings is approximately $22.321 billion, with a 24-hour decrease of 18.11%. The negative premium rate of Grayscale Bitcoin Trust Fund (GBTC) is 26.20%; ETH Trust negative premium rate is 38.23%. In addition, ETC Trust negative premium is 55.68%, and LTC Trust negative premium is 40.22%.

According to Coinglass data, the current total value of Grayscale's holdings is approximately $28.18 billion, with a negative premium rate of 25.31% for Grayscale Bitcoin Trust Fund (GBTC); a negative premium rate of 35.41% for ETH Trust; a negative premium rate of 55.74% for ETC Trust; and a negative premium rate of 37.62% for LTC Trust.

Fir Tree Capital Management and Grayscale Investments have settled a lawsuit filed by the hedge fund against the crypto asset management firm. The lawsuit, filed in December, sought information to investigate potential mismanagement and conflicts of interest. As part of the agreement, Grayscale will provide documentation around its flagship product, GBTC, which offers exposure to bitcoin in the form of a security. Fir Tree's original complaint alleged that Grayscale investors have been harmed by "shareholder-unfriendly actions" and called for redemptions of GBTC. Grayscale is committed to converting GBTC to an ETF and is suing the SEC to pave the way for the agency to greenlight its proposal.

June 26 (Cointime) - According to a research report by Bernstein, Grayscale's dominant position as the largest bitcoin asset management product may be threatened by Blackrock's filing for a spot bitcoin ETF in the US. Grayscale's BTC trust (GBTC) earns around $380 million in annualized fees despite being inefficient, illiquid, and trading at a significant discount.

Grayscale expects to learn by the end of the third quarter whether it will be allowed to turn its $2.7 billion Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund, the asset manager’s CEO, Michael Sonnenshein said.

Metalpha, based in Hong Kong, has launched the "Next Generation Fund", which allows investors to access Grayscale's digital asset products, including GBTC and redeem shares.

The future looks bright for the battered Grayscale Bitcoin Trust shares (GBTC), a technical analyst told CoinDesk, pointing to an inverse or reverse head-and-shoulders pattern on GBTC's price chart.