The CEO of Bitcoin Magazine has published documents on X (formerly Twitter) suggesting that DCG borrowed approximately $500 million from the now-bankrupt lender, Genesis. Bailey asserts that these funds were used to “manipulate and prop up the price of GBTC.”
Grayscale introduces the Bitcoin Mini Trust, aiming to combat investor departures and high fees. This new fund could potentially allow investors to bypass tax penalties while exploring lower-cost ETF alternatives.
Grayscale introduces the Bitcoin Mini Trust, aiming to combat investor departures and high fees. This new fund could potentially allow investors to bypass tax penalties while exploring lower-cost ETF alternatives.
The CEO of Bitcoin Magazine has published documents on X (formerly Twitter) suggesting that DCG borrowed approximately $500 million from the now-bankrupt lender, Genesis. Bailey asserts that these funds were used to “manipulate and prop up the price of GBTC.”
Grayscale Investments, a subsidiary of Digital Currency Group, is experiencing serious problems with its main product, the Grayscale Bitcoin Trust (GBTC). GBTC shares are trading at a record discount, which on December 13 reached -48.89% according to ycharts.com.
