BTC
$79,481.56
-
3.76%ETH
$1,523.18
-
8.79%USDT
$0.9994
-
0.02%XRP
$1.9697
-
4.31%BNB
$577.03
-
0.89%USDC
$1.0000
+
0.01%SOL
$112.76
-
5.31%DOGE
$0.1536
-
4.26%TRX
$0.2364
-
0.91%ADA
$0.6066
-
4.11%LEO
$9.4156
+
0.34%LINK
$12.04
-
4.90%AVAX
$18.19
-
1.41%TON
$2.9190
-
7.52%HBAR
$0.1681
-
0.42%XLM
$0.2296
-
5.30%SHIB
$0.0₄1168
-
2.19%SUI
$2.0989
-
5.75%OM
$6.4251
-
5.45%BCH
$290.85
-
3.49%
Fir tree
Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil
“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.
Videos
Hedge Fund Fir Tree Sues Grayscale to Obtain Details Regarding GBTC: Bloomberg
According to Bloomberg, hedge fund Fir Tree is suing crypto investment firm Grayscale to investigate potential mismanagement of its flagship Grayscale Bitcoin Trust (GBTC). This comes as GBTC is selling at close to a record 43% discount to the price of the underlying bitcoin in the trust. Eaglebrook Advisors Vice President of Research Joe Orsini discusses what this means for the overall crypto markets. Grayscale and CoinDesk are both owned by Digital Currency Group.
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