Grayscale Investments has been in a legal battle with SEC since 2021. The SEC refused the firm’s request for a spot Bitcoin exchange, leading to the tussle. Grayscale Investments, the firm behind the ...
Tag: Grayscale
Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails
According to an end-of-year letter to investors published on Dec. 10, Grayscale Investments CEO Michael Sonnenshein said that the firm might consider “a tender offer for a portion of the outstanding s...
Grayscale Could Liquidate 600,000 BTC After ETF Rejection
Grayscale Investments could appeal to GBTC shareholders to sell some of their shares at a higher price to return investor capital. Grayscale may offer to buy up to 20% of outstanding GBTC shares at a ...
Grayscale CEO confirms tender offer if Bitcoin ETF path fails
Grayscale Investments will look to return 20% of Grayscale Bitcoin Trust (GBTC) fund to investors if its bid to have a spot Bitcoin ETF fails. The company will explore this option should its battle to...
Grayscale may offer to buyback GBTC if ETF conversion fails – WSJ
Grayscale Investment CEO Michael Sonnenshein has informed GBTC shareholders that the firm could offer to buy back up to 20% of the outstanding shares worth approximately $10.7 billion, The Wall Stree ...
Grayscale CEO Will Consider Massive Share Buyback if SEC Lawsuit Fails
Grayscale may consider a 20% tender offer on GBTC shares if its bid to convert into a Bitcoin spot ETF ultimately fails, said CEO Michael Sonnenshein to investors on Monday. In an interview on the sam...
Bitcoin Holds $16,700; Grayscale May Return Some Capital
Besides the macroeconomic headwinds, when it comes to crypto, there are two main concerns at the moment: Binance and DCG. The situation surrounding Genesis Trading, Digital Currency Group (DCG) and Gr...
Grayscale Will Explore Returning 20% of Investor Capital if SEC Refuses Spot Bitcoin ETF: Report
Grayscale Investments is exploring options to return a portion of capital of its flagship Grayscale Bitcoin (GBTC) product if the Securities and Exchange Commission (SEC) refuses to approve its spot b...
Grayscale may return some capital to investors if GBTC’s ETF dreams fail: WSJ
Grayscale Investments will explore how to return up to 20% of its Grayscale Bitcoin Trust’s capital to shareholders if it cannot turn the product into an exchange-traded fund. A tender off...
Why Grayscale May Be Next In Line After FTX Crash?
Will Clemente, co-founder of crypto analysis firm Reflexivity Research, in a tweet on December 17 revealed that cryptocurrencies related to Barry Silbert’s Digital Currency Group saw massive selloffs ...
Grayscale ETF Gets Rejected by the SEC
The Securities and Exchange Commission has reaffirmed its decision to reject Grayscale’s application for a Bitcoin exchange-traded fund (ETF). The federal regulator reiterated that it believes such pr...
Grayscale Bitcoin ETF might not happen: SEC intercepts.
Grayscale has wanted to convert its Bitcoin fund into a Bitcoin ETF since 2016. SEC has filed a case denying the conversion. SEC filed a 73-page brief with the US Court of Appeals on December 9. Eve...
SEC Strikes Back in Grayscale Suit Over GBTC ETF Conversion
The U.S. Securities and Exchange Commission (SEC) filed a brief last week defending itself against claims its denial of Grayscale Investment’s application to convert its flagship Grayscale Bitcoin Tru...
SEC looks to intercept Grayscale Bitcoin ETF review bid
The United States Securities and Exchange Commission (SEC) is taking further steps to stop Grayscale Investments’ efforts to launch a Bitcoin (BTC) exchange-traded fund (ETF). Grayscale began its lega...
SEC Filed First Legal Brief as Grayscale Challenged their Decision
The SEC has filed its first legal brief as part of the GBTC lawsuit. And their filing is challenging the decision of Grayscale. Grayscale Investments, an American digital currency asset management com...
Grayscale says SEC filed first legal brief in ongoing bitcoin futures ETF lawsuit
Grayscale Investments said the U.S. Securities Exchange Commission has filed its first legal brief in the lawsuit the crypto asset manager filed over the rejection of its application for a spot bitcoi...
Bernstein Says Saving Grayscale Will Come at a Cost for Digital Currency Group
Genesis’ extended withdrawal freeze – the lender has told its creditors it will take weeks rather than days to find a solution – continues to weigh on crypto markets, Bernstein said in a research repo...
Investors Face Trust Issues With the Grayscale GBTC
– Advertisement – The issues surrounding the Grayscale GBTC trust have been underscored by the recent reports of its record discount. Grayscale Investments, a leader in digital currency as...
Grayscale opens DeFi Fund to public investors
Investment management firm Grayscale has opened its decentralized exchange (DeFi) Fund (under the ticker DEFG) for public trading via the over-the-counter (OTC) market. Grayscale first launched the De...
Grayscale, Under Pressure as GBTC Discount Widens, Says DeFi Fund Now Trading
The trading debut for the new fund, under the symbol “DEFG,” comes as Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), is under distress, with its shares trading a record 47% discount to ...
Bitcoin Flashes 2018 Cycle Bottom Signal Even As Grayscale GBTC Hits Record Discount
– Advertisement – Bitcoin flashes a bottom signal, but traders remain bearish. Glassnode disclosed in a tweet yesterday that Bitcoin holders in the last 365 have seen $213 billion in reali...
Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV
According to statistics sourced from data aggregator YCharts, seven digital currency funds issued by asset manager Grayscale Investments are currently at a discount of 34% to 69% to their net asset va...
Lawsuit Against Grayscale Likely To Drag On, Attorney Says
A lawsuit against Grayscale to explore potential “mismanagement” of its Bitcoin Trust (GBTC) is likely to give more insight into the trust’s inner workings, but could drag on, one attorney predicts.&n...
Grayscale is Being Sued by Hedge Fund, but Why?
The recent updates related to Grayscale Investments seems the firm is not in a good situation. As per the Bloomberg report, Fir Tree Capital Management, hedge fund, sued Grayscale Investments. The rea...
Grayscale Faces Lawsuit as GBTC Plunges to Record Low 43% Discount
New York-based hedge fund Fir Tree Capital Management has filed a lawsuit against digital asset manager Grayscale Investments over “potential mismanagement and conflicts of interest” at the firm’s fla...
Grayscale Investments slammed with a lawsuit as GBTC plunges
Grayscale has been sued by Fir Tree Capital Management, a firm based in New York. According to the filing, the plaintiff cited grounds bordering on mismanagement of funds and conflicts of interest. Th...
Lawsuit puts pressure on Grayscale to open GBTC books
Fir Tree, the hedge fund that previously announced it was shorting tether, has now filed a lawsuit against the Grayscale Bitcoin Trust (GBTC) alleging misconduct and seeking records to help determine ...
Hedge fund suing Grayscale, seeks GBTC information
In order to look into potential mismanagement and conflicts of interest, hedge fund Fir Tree is suing Grayscale for information regarding its flagship Grayscale Bitcoin Trust (GBTC) product. Fir Tree,...
Hedge fund Fir Tree sues Grayscale Investments, thanks to GBTC
As per a recent Bloomberg report, New York-based hedge fund Fir Tree is suing crypto investment firm Grayscale Investments at the Delaware Court of Chancery to obtain information about its flagship Gr...
Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust. According to Blo...
Hedge fund Fir Tree files lawsuit against Grayscale: Bloomberg
Hedge fund Fir Tree Capital Management is suing crypto investment fund Grayscale Investments for information to investigate potential mismanagement and conflicts of interest, Bloomberg News reported, ...