Grayscale Bitcoin Trust tanks to -35% discount — no ETF in sight

Usually trading way above bitcoin’s spot price since 2015, Grayscale’s Bitcoin Trust is currently at a -35% discount to its Net Asset Value.
Usually trading way above bitcoin’s spot price since 2015, Grayscale’s Bitcoin Trust is currently at a -35% discount to its Net Asset Value.
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.
Greyscale’s lawsuit escalates the GBTC crisis, blaming the SEC for the ongoing NAV discount — but is it really as simple as that?