Grayscale Financial News

23.01 / 16:29

markets ETF coinbase Ark Grayscale Bitcoin Coinbase stock Cathie Wood: Ark dumps 500K GBTC shares, adds Coinbase stock as Bitcoin recovers 40%

Cathie Wood's Ark Invest offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November's Bitcoin (BTC) price lows, the latest data shows.

20.01 / 22:59

business Gemini Grayscale Decentraland Winklevoss Twins Digital Currency Group Opinion: Digital Currency Group's Genesis implosion marks another bottom in trust for crypto

It looks as if the bear cycle is going to claim another high-profile crypto company. On Jan. 19, Digital Currency Group’s (DCG’s) lending subsidiary, Genesis, filed for Chapter 11 bankruptcy. Here we have yet another industry giant with a tale of incestuous lending, little risk management to speak of and opaque reporting policies.

19.01 / 09:31

business Grayscale Bankruptcy Usd Coin CoinDesk could be up for grabs as parent company DCG scrambles for funds

Crypto media outlet CoinDesk is reportedly considering a potential sale as its parent company Digital Currency Group (DCG) looks to strengthen its balance sheet.

11.01 / 21:37

markets Ethereum Grayscale pricing A key change in Ethereum options pricing hints that ETH price could rise beyond $1,350

Ethereum price (ETH) gained 10.2% from Jan. 4 to Jan. 10, breaching the $1,300 resistance without much effort, but has the Ether price move cast a light on whether the altcoin is ready to begin a new uptrend.

11.01 / 15:11

regulation Grayscale FTX Bitcoin letter DCG chief Barry Silbert pens letter to shareholders, community reacts

The crypto community woke up to another drama-filled day after the Digital Currency Group (DCG) chief's reflection went wrong. DCG chief Barry Silbert penned a letter to the shareholders on Jan. 10, reflecting on the state of the crypto market and the growing FUD around the company. DCG is the parent company of Genesis Global Capital, a crypto lending firm and Grayscale, the world’s leading crypto asset manager.

03.01 / 16:07

Grayscale GBTC Grayscale Ethereum Trust Discount Reaches Record 60%, GBTC at 45%

The Grayscale Ethereum Trust (ETHE) is currently trading at a steep discount to its assets under management (AUM) amid dwindling institutional interest in the fund.

19.12 / 18:49

markets Grayscale Bitcoin Price Drop analyst BTC price faces 20% drop in weeks if Bitcoin avoids key level — analyst

Bitcoin (BTC) stayed rigid below $17,000 at the Dec. 19 Wall Street open as skeptical traders feared more downside.

19.12 / 18:41

business Blockchain Grayscale Buyback Option 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 may consider "a tender offer for a portion of the outstanding shares of GBTC [Grayscale Bitcoin Trust]" if the latter's exchange-traded fund conversion process is ultimately unsuccessful. Sonnenshein stated that "such tender offer would be for no more than 20% of the outstanding shares of GBTC" and would require both regulatory "relief" from the U.S. Securities and Exchange Commission as well as shareholder approval to approve such offer.

08.12 / 12:29

markets Grayscale Bitcoin Bitcoin Price Premium Spot Price GBTC 'elevator to hell' sees Bitcoin spot price approach 100% premium

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC), is trading close to 50% below the BTC price on spot markets.

07.12 / 05:31

Law regulation Grayscale Bitcoin 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.

04.12 / 00:41

business Digital Currency Grayscale Will Grayscale be the next FTX?

On Nov. 18, Grayscale, the asset manager running the world’s largest Bitcoin (BTC) fund, released a statement detailing the security of its digital assets products and affirming that it won’t share its proof of reserves with customers.

01.12 / 23:03

ETF Grayscale 2020 Digital Asset Management Firms See Lowest Amount of Funds Held Since December 2020 – What’s Going On?

Asset management firms operating in the crypto space saw their assets under management (AUM) decline by 14.5% on average in November, marking the worst month for the industry since December of 2020.

26.11 / 00:35

business Investments Grayscale Senate Crypto Biz: Institutions short Bitcoin as SBF is ‘deeply sorry’ for FTX collapse

The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” he wrote. “I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash.” Get this: SBF still thinks the company can be saved because “there are billion of dollars of genuine interest from new investors.” Shouldn’t he be preoccupied with trying to avoid jail right now?

23.11 / 22:53

markets Grayscale Congress Genesis Trading Bitcoin Here's why $16.5K is critical for November's $1.14B Bitcoin options expiry

Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts. Consequently, bulls using leverage came out ill-prepared for the $1.14 billion monthly options expiry on Nov. 25.

23.11 / 18:59

markets Grayscale Bitcoin Bitcoin Price analyst BTC price holds $16K as analyst says Bitcoin fundamentals 'unchanged'

Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues.

23.11 / 06:21

business Grayscale Digital Currency Group Bankruptcy Genesis calls in restructuring expert in its fight to avoid bankruptcy

Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy.

23.11 / 00:17

markets Ethereum Grayscale Bears Ethereum bears have the upper hand according to derivatives data, but for how long?

Ether (ETH) price experienced an 11.9% decline from Nov. 20 to Nov. 22, bottoming at $1,074 — the lowest level seen since July. Currently, investors have reason to be concerned after crypto lending company Genesis reportedly faced difficulties raising money, triggering rumors of insolvency on Nov. 21.

22.11 / 20:13

business Ethereum Grayscale Bitcoin grayscale bitcoin trust Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report

On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse.

22.11 / 01:43

markets litecoin Grayscale Genesis Trading Bitcoin Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B

The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. However, the overall sentiment is far worse, considering that this valuation is the lowest seen since December 2020.

20.11 / 14:23

Grayscale FTX reserves Billion-Dollar Crypto Fund Grayscale Refuses to Post Proof-of-Reserves – Next Firm to Collapse?

Crypto investment firm Grayscale has refused to share its proof-of-reserves citing "security concerns." The move has stirred up speculations about the financial health of the company.

19.11 / 05:21

business Liquidity Grayscale Digital Asset reserves Grayscale cites security concerns for withholding on-chain proof of reserves

Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing “security concerns.”

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