Grayscale CEO Expects Decision on Attempt to Overturn SEC's ETF Rejection by End of 3Q
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 Launches $100 Million Grayscale-Based Fund for Digital Assets
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.
Shares of Grayscale Bitcoin Trust Form Bullish Chart Pattern: Technical Analyst
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.
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.
