Grayscale
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.
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.
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.
Grayscale Bitcoin Trust Discount Widens to Record High Near 50%
The shares have not traded at a premium to bitcoin since March 2021.
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.
First Mover Americas: Grayscale in Investor's Crosshairs
The latest price moves in crypto markets in context for Dec. 7, 2022.
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 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.
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.
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.
