Grayscale


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.

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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.

Recent Videos

Videos

Cathie Wood's Ark Invest Purchases $1.5M in Grayscale Bitcoin Trust Shares

Cathie Wood's Ark Investment Management bought 176,945 shares ($1.5 million) in Grayscale's Bitcoin Trust (GBTC) on Monday as the crypto market touched a two-year low. Genesis, Grayscale and CoinDesk are owned by Digital Currency Group. "The Hash" panel discusses what to make of Ark's latest crypto bets.

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Finance

Cathie Wood's Ark Invest Buys $1.5M in Grayscale Bitcoin Trust Shares

The firm purchased the shares at a record discount to their net asset value.

Cathie Wood's Ark Invest has purchased more shares of Grayscale Bitcoin Trust. (Danny Nelson/CoinDesk)

Videos

‘Grayscale Discount’ Widens as FTX Contagion Spreads

Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a record discount relative to the price of the underlying bitcoin (BTC). "The Hash" discuss the impact of FTX's fallout on the overall market. CoinDesk is an independent subsidiary of Digital Currency Group (DCG), which also owns Grayscale.

Recent Videos

Finance

Osprey Publishes Public Address for Its Trust's Bitcoin Holdings

The far larger Grayscale Bitcoin Trust has declined to make similar information known for security reasons.

Osprey (Karo Kujanpaa/Unsplash)

Markets

Bernstein Says Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global

If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.

Grayscale CEO Michael Sonnenshein (CoinDesk archives)