Grayscale


Finance

Grayscale Bitcoin Trust Discount Reaches Record 50%

The shares have not traded at a premium to bitcoin since last March.

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

Policy

SEC Strikes Back in Grayscale Suit Over GBTC ETF Conversion

The brief, filed last Friday, is the first from the U.S. Securities and Exchange Commission (SEC) since the lawsuit was filed in June.

SEC Chair Gary Gensler says he's trying to protect investors. (Evelyn Hockstein-Pool/Getty Images)

Videos

SBF's Alameda Research Secretly Funded Crypto Media Site 'The Block'; Crypto Contagion Concerns

Crypto media site The Block was secretly funded over the last two years by Sam Bankman-Fried’s Alameda Research, The Block confirmed on Friday. Bernstein reacted to Genesis’ extended withdrawal freeze, saying that saving Grayscale would cost a fortune for Digital Currency Group (DCG), which owns Genesis Trading, Grayscale and CoinDesk. Plus, details on Coinbase asking users to switch USDT for USDC and Bankman-Fried agreeing to testify before U.S. House Financial Committee.

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Markets

Grayscale, in the Spotlight as GBTC Discount Widens, Says DeFi Fund Now Trading

The debut of the DEFG fund in over-the-counter markets comes as Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), is trading at a record discount and at the center of crypto-market speculation.

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

Finance

Bernstein Says Saving Grayscale Will Come at a Cost for Digital Currency Group

A feasible deal could involve a large minority partner or a buyout-like structure led by more strategic partners, Bernstein said.

Barry Silbert. CEO y fundador de Digital Currency Group.

Markets

Grayscale Bitcoin Trust Discount Widens to Record High Near 50%

The shares have not traded at a premium to bitcoin since March 2021.

(ycharts)

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.

CoinDesk placeholder image

Markets

First Mover Americas: Grayscale in Investor's Crosshairs

The latest price moves in crypto markets in context for Dec. 7, 2022.

Grayscale's new ad campaign can be seen in New York's Penn Station. (Nikhilesh De/CoinDesk)

Finance

Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg

Fir Tree wants the Grayscale Bitcoin Trust to resume redemptions and cut fees.

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

Videos

Grayscale's Bitcoin Trust Shares Continue to Trade at a Discount

Bernstein Managing Director of Global Digital Assets Gautam Chhugani unpacks the outlook for Genesis and Grayscale's GBTC, amid the ongoing contagion concerns from the fallout of FTX. Grayscale Investments, which manages GBTC, Genesis and CoinDesk are owned by Digital Currency Group.

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