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Grayscale considers GBTC buyback if it loses SEC lawsuit

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.

Lawsuit puts pressure on Grayscale to open GBTC books

Fir Tree hedge fund has filed a lawsuit seeking documents from the Grayscale Bitcoin Trust, alleging mismanagement and conflicts of interest.

The Grayscale Bitcoin Trust (GBTC) provides a way for investors to gain exposure to bitcoin, without having to own bitcoin.

With the fallout from FTX’s collapse still being felt, there are signs that, for crypto markets, things may get worse before they get better.