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.
Genesis FUD Subdues As Grayscale Bitcoin Trust (GBTC) Recovers
Grayscale Bitcoin Trust premium rate recovers from -46% to -40% as Cathie Wood’s Ark Invest buying GBTC shares rebuilds confidence in the crypto market. Meanwhile, Binance allocates over $2 billion in BUSD to its Industry Recovery Initiative to help projects recover from liquidity issues following the collapse of crypto exchange FTX.
Analyst Confirms GBTC’s 633K Bitcoin Claim Despite Grayscale’s Reluctance to Share Proof of Reserves
An independent analyst has confirmed that GBTC owns approximately 633,000 Bitcoin held by its custodian – Coinbase Custody. This comes as Grayscale, the asset manager running the world’s largest bitcoin fund, revealed that it won’t share its proof of reserves with customers.
Cathie Wood Reiterates Her $1 Million Bitcoin Bet
Ark Invest’s Cathie Wood is bullish on bitcoin and ether, forecasting the former’s price to soar to $1 million by 2030.
SEC At Fault In Grayscale (GBTC) Bitcoin Proof Of Reserves Issue?
Grayscale Investments, the world’s largest crypto asset manager, is facing backlash from the crypto community for not revealing its proof of reserves. Meanwhile, industry experts are blaming it on the regulatory landscape for the loss of trust around transparency in Grayscale’s Bitcoin products. Earlier in June this year, the U.S. Securities and Exchange Commission (SEC) rejected Grayscale’s spot Bitcoin ETF application. Following the rejection, the company challenged the SEC’s decision in the form of a lawsuit.
The Community Traces 317K BTC As It Attempts To Identity Grayscale Reserves
@ErgoBTC, AKA Ergo, a blockchain researcher with OXT Research, disclosed findings from a community-led effort to trace Grayscale’s Bitcoin Trust (GBTC) reserves in a Twitter thread yesterday.
GBTC Bitcoin Discount Nears 50% on FTX Woes As Investors Stock Up
The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount.
Community Fears FTX Implosion Might Affect Grayscale
Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion.
