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).
“SEC’s Shallow Approach Is Limiting BTC” Grayscale CEO Takes a Swipe at US Regulators
Grayscale Investments CEO Michael Sonnenshein joins the bandwagon of industry players to call out the U.S. Securities and Exchange Commission (SEC) over its regulatory practices in the sector.
Grayscale, SEC Will Voice Oral Arguments Over GBTC ETF Conversion in March
Grayscale and the U.S. Securities and Exchange Commission will soon have their oral arguments heard in court regarding the conversion of Grayscale Bitcoin Trust into an exchange-traded fund, according to a court filing dated Jan. 23.
Grayscale CEO Says GBTC Investors Will Receive Tender Offer if SEC Fails to Approve ETF
Michael Sonnenshein, the CEO of American digital asset management firm Grayscale Investments, has revealed that investors in the firm’s Bitcoin Trust Fund (GBTC) will receive a tender offer if the United States Securities and Exchange Commission (SEC) fails to approve the product.
