Does Grayscale have enough GBTC to sell bitcoin into March?
Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that's highly unlikely.
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Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that's highly unlikely.
Read more (3 min) →Grayscale must ensure that GBTC’s share price tracks bitcoin's price. This requires selling and buying bitcoin every day.
Grayscale has won a victory in its case against the SEC, with the judge ruling previous denials of GBTC ETF conversion were "arbitrary."
BlockFi says it no longer invests in GBTC as a corporation at all and is merely working on settling some loans that used GBTC as collateral.