Executive summary: The Grayscale Discount Explained: Could the Grayscale Bitcoin Trust Collapse?
Grayscale could get caught up in the aftermath of the FTX collapse. In this article, I explain how the Grayscale discount works and whether Grayscale is in danger of liquidation.
What you will learn:
- How the Grayscale discount works and whether Grayscale could go bankrupt.
Executive summary:
- The GBTC premium was an arbitrage opportunity for big investors to buy Bitcoin exposure...until it turned into a discount.
- Genesis belongs to the same VC like Greyscale, and Genesis got caught in the FTX contagion.
- Grayscale should be ok, but Genesis could go bankrupt. And they're probably not the last CeFi company to do so.
Full article:
The Grayscale Discount Explained: Could the Grayscale Bitcoin Trust Collapse? | CoinMarketCap
Another week, another potential victim of contagion. You probably have heard phrases like “GBTC discount widens” or “Is GBTC in trouble?” swirling around.
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