DCG
Grayscale, in the Spotlight as GBTC Discount Widens, Says DeFi Fund Now Trading
The debut of the DEFG fund in over-the-counter markets comes as Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), is trading at a record discount and at the center of crypto-market speculation.
Bernstein Says Saving Grayscale Will Come at a Cost for Digital Currency Group
A feasible deal could involve a large minority partner or a buyout-like structure led by more strategic partners, Bernstein said.
Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
‘Grayscale Discount’ Widens as FTX Contagion Spreads
Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a record discount relative to the price of the underlying bitcoin (BTC). "The Hash" discuss the impact of FTX's fallout on the overall market. CoinDesk is an independent subsidiary of Digital Currency Group (DCG), which also owns Grayscale.
‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads
The added pressure comes after Genesis Global Capital – a corporate sibling to bitcoin trust manager Grayscale Investments – halted customer withdrawals from its lending unit this week.
Market Maker B2C2 Offers to Buy Loans From Genesis Crypto-Lending Unit
The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing the impact of the collapse of FTX.
Grayscale Declares 'Business as Usual' Despite Sister Company Genesis Global Capital Suspending Withdrawals
Grayscale said that "Genesis Global Capital is not a counterparty or service provider for any Grayscale product."
Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis
Genesis reported earlier that its derivatives business has about $175 million in locked funds in its FTX trading account.
