Grayscale filing reveals 100 wallets hold 90% of Worldcoin
Grayscale’s S-1 for its Worldcoin ETF admits that just 100 wallets hold roughly 90% of all WLD tokens in circulation.
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Grayscale’s S-1 for its Worldcoin ETF admits that just 100 wallets hold roughly 90% of all WLD tokens in circulation.
Read more (4 min) →Similar to how BTC traders once paid a premium for GBTC, Chinese traders are paying 60% above silver holdings for a Shenzen fund.
Grayscale has over 530,000 bitcoin and could theoretically keep selling into mid-March, but as a passive ETF manager, that's highly unlikely.
Grayscale must ensure that GBTC’s share price tracks bitcoin's price. This requires selling and buying bitcoin every day.
In two days of trading last week, the new SEC-approved spot bitcoin ETFs attracted approximately $819 million of net new cash inflows.
Grayscale has won a victory in its case against the SEC, with the judge ruling previous denials of GBTC ETF conversion were "arbitrary."
Grayscale says it will consider a 20% share buyback of its bitcoin trust, GBTC, if it cannot convince the SEC to convert it into an ETF.
Fir Tree hedge fund has filed a lawsuit seeking documents from the Grayscale Bitcoin Trust, alleging mismanagement and conflicts of interest.
The SEC continues to reject Grayscale’s crypto ETFs. Will Grayscale Ethereum Trust (ETHE) ever regain parity with the ETH it holds?
The Grayscale Bitcoin Trust (GBTC) provides a way for investors to gain exposure to bitcoin, without having to own bitcoin.