The Grayscale Ethereum Trust (ETHE) now trades at a record 59.39% discount relative to the price of Ethereum (ETH), per data from YCharts. Though at one point the fund actually traded at a significant...
Tag: Grayscale
Negative crypto news for Grayscale Ethereum
The Grayscale Ethereum Trust (ETHE) recently traded at a very high discount (59.39%) compared to the price of Ethereum, news that puts the crypto world on alert. Since November 2021, the trust’s marke...
Grayscale Ethereum Trust Discount Sinks to 60%, GBTC Down to 45%
The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early Novemb...
BTC and ETH most affected if DCG and Grayscale collapse
There is increasing pressure on Grayscale and the Digital Currency Group (DCG). In addition, customers of Gemini Earn have filed a class action lawsuit against both firms, and the Winklevoss twins hav...
Grayscale Ethereum Trust trades at record 59% discount
The Grayscale Ethereum Trust (ETHE) is trading at a record-low discount rate of 59%, according to the data shared by the crypto influencer DB. Source: @tier10k The Grayscale trust gathers money from i...
Bankrupt 3AC Founder Expects Genesis Bankruptcy, What Happens To Grayscale?
The DCG and Genesis debacle continue to wax strong and Grayscale Bitcoin Trust has taken some of the heat from this. The majority of the concerns have been raised around the ability of Digital Currenc...
These Altcoins Will Be Hit Hardest If DCG And Grayscale Fall
The pressure on the Digital Currency Group (DCG) and Grayscale continues to mount. The Winklevoss twins have given DCG an ultimatum of January 8th to return the $900 million Gemini Earn customer funds...
DCG Drama Recap: Winklevoss Letter, Grayscale Troubles, Class-Action Arbitration
Key Takeaways Digital Currency Group brought old problems into the new year. Gemini co-founder Cameron Winklevoss posted an open letter criticizing DCG CEO Barry Silbert’s actions with regards t...
DCG Insolvency Fears Again Sparks Grayscale Liquidation Speculation – Here’s What We Know
– Advertisement – The fresh concerns have been triggered by Cameron Winklevoss’ recent open letter to DCG Chief Barry Silbert. Digital Currency Group (DCG), the parent company of asset man...
Grayscale Ethereum Trust hits record -60% discount
The Grayscale Ethereum Trust (ETHE), a traditional investment vehicle providing institutional investors with passive exposure to the price of ether, is trading at its highest discount yet of approxima...
Grayscale Ethereum Trust (ETHE) Currently Trading At A Record 60% Discount
– Advertisement – The investment product’s market price is currently down by 85.26% year-to-date. The Grayscale Ethereum Trust (ETHE) has been on a steady decline, currently trading at a r...
Grayscale Liquidation Could Heavily Impact These Altcoins
This week, all eyes are on Grayscale and Digital Currency Group (DCG). A worst-case scenario could see the world’s largest crypto fund provider liquidate some of its altcoin trusts. The potential liqu...
Valkyrie Investments Wants To Take Over Grayscale Bitcoin Trust, Reveals Plans
The state of the Grayscale Bitcoin Trust (GBTC), the largest BTC trust in the world, has sparked concerns among investors in the space. With such a large discount to net asset value (NAV), there have ...
Billion-Dollar Hedge Fund Bets Vs. Bitcoin And Grayscale
The pressure continues to mount on Grayscale with its Bitcoin Trust (GBTC) and parent company Digital Currency Group. And as Ram Ahluwalia, CEO and co-founder of crypto-native investment advisor Lumid...
Crypto Asset Manager Valkyrie to Save Grayscale Bitcoin Trust
Exchange News Following the GBTC discount to NAV increases, Valkyrie announces sponsor for Grayscale’s Bitcoin Trust. The fund’s discount had increased to above 45% by December 30, 2022. Valkyrie Inve...
Grayscale Troubled Bitcoin Trust Up For Grabs?
Crypto News Today Live Updates December and Latest News: (31 December 2022) The global cryptocurrency market looked stagnant over the past week. The cumulative market cap dropped below $800 already. H...
Crypto Investment Firm Valkyrie Wants To Take Over Grayscale Bitcoin Trust, Says It’s Time for a Change
Crypto asset manager Valkyrie Investments says it is interested in sponsoring and managing Grayscale’s publicly traded Bitcoin (BTC) fund. In a new statement, Valkyrie co-founder Steve McClurg announc...
Crypto Asset Manager Valkyrie Investments Wants to Sponsor, Manage Grayscale Bitcoin Trust
Crypto asset manager Valkyrie Investments wants to become the sponsor and manager of the Grayscale Bitcoin Trust (GBTC), the company said in a blog post this week. Valkyrie, one of Grayscale’s rivals,...
Valkyrie to take over troubled bitcoin trust held by Grayscale
The asset management firm has laid out plans to manage Grayscale’s bitcoin trust, which has significantly declined since the beginning of the crypto winter. Valkyrie, a Nashville, Tennessee-based asse...
Valkyrie wants to ‘manage and sponsor’ Grayscale’s GBTC
Valkyrie Investments said it has a proposal for Digital Currency Group’s struggling Grayscale Bitcoin Trust and that it’s ready to become a “sponsor and manager” of the fund. “...
Grayscale BTC Trust Won’t Show Proof of Reserves
Grayscale – one of the largest bitcoin trusts in the world – says it’s not going to be sharing its proof of reserves with customers, causing a lot of heads to turn, eyebrows to hike, and fear to surge...
Compound Price Analysis : Grayscale opened its DeFi fund for public trading by OTC market
Grayscale announced U.S based authorized investors can publicly buy and sell DEFG shares Compound exposure is 4.09% in DeFi fund COMP/USDT is trading at $39.31 with a nominal intraday gain of 0.18% Th...
Grayscale Keeping Tender Offer as Option If Bitcoin ETF’s Fail Request
Prominent Bitcoin fund Grayscale Bitcoin Trust (GBTC) are seeking alternatives to let shareholders get their money, if the exchange traded funds (ETF) will not become a reality. The firm reportedly ca...
Fir Tree: Grayscale Potential Tender Offer Is ‘Lip Service’
Just two days after Grayscale Investments floated the option of a tender offer for shareholders of its flagship bitcoin trust (GBTC), Fir Tree Partners on Wednesday demanded additional information abo...
Grayscale considers GBTC buyback if it loses SEC lawsuit
Grayscale Investments has informed investors of a contingency plan to deliver some capital to GBTC shareholders ⏤ even if it loses its appeal of the SEC’s decision to block GBTC from converting into a...
Grayscale May Liquidate 600,000 BTC Holdings Following SEC Opposition To ETF
Grayscale Investments may offer to buy up to 20% of Grayscale Bitcoin Trust (GBTC) shares. This is a move the company hopes will close the gap between the GBTC share price and the company’s underlyin...
Grayscale ponders tender launch if ETF conversion fails
Michael Sonnenshein, the CEO of Grayscale Investments, categorically states that their ultimate preference lies in converting the GBTC to an ETF. Furthermore, this conversion is done for the benefit o...
Grayscale to Refund 20% of Investor’s Capital if SEC Denies Its ETF Bid
While little is known about its fight with the SEC, Grayscale is already preparing for future moves in case it loses the battle. Grayscale Investments, one of the biggest asset management firms in the...
Grayscale Weighs Tender Offer for 20% of Shares in Its Deeply-Discounted Bitcoin Trust
With the Grayscale Bitcoin Trust (GBTC) hitting deeper discounts by the day, the firm’s CEO is now weighing new options for how to shore up investors should the trust fail to get converted into ...
Crypto Giant Grayscale Considers Selling Portion of $10,753,804,948 Bitcoin Trust if ETF Plan Fails: Report
Crypto asset management giant Grayscale is reportedly considering selling some of its capital back to investors if the firm’s plans for exchange-traded funds (ETFs) don’t work out. According to a new ...
Grayscale will repurchase 20% of shares if ETF conversion fails, CEO promises
Grayscale Investments’ CEO Michael Sonnenshein announced that the company might consider “a tender offer” for GBTC if it will not be able to convert its trust to an ETF. In his end-of-year letter to i...