Bernstein: Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global

The Grayscale Bitcoin Trust is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals as a result of fallout from theThe situation at Genesis, however, does not directly affect GBTC, the report said. Even if Genesis is unable to raise liquidity for its lending book and files for bankruptcy, creditors would have no claim on GBTC assets.

Grayscale Investments, which manages GBTC, and Genesis are both owned by Digital Currency Group , as is CoinDesk. “GBTC’s trust structure protects its holders and remains ring-fenced from failures within DCG or DCG group entities,” analysts Gautam Chhugani and Manas Agrawal wrote. The market is concerned that Grayscale could be “considered for strategic options in case of catastrophe,” the note said. But DCG, even in the most adverse scenario, would prefer to hold onto Grayscale over Genesis, it said. Greyscale is DCG’s “flagship business and its cash-cow,” generating around $300 million a year in fees, according to Bernstein.

BernsteinBuzz GenesisTrading Grayscale DCGco BernsteinGautam willcanny99 MTVDS1

BernsteinBuzz GenesisTrading Grayscale DCGco BernsteinGautam willcanny99 New Ponzi management , crypto not true but you all human error making cash

BernsteinBuzz GenesisTrading Grayscale DCGco BernsteinGautam willcanny99 Hate to say it but GBTC is probably the biggest scam of all time. Apparently holders of the share can’t redeem it for BTC. Good luck selling at a discount.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’ – Bitcoin News“The holdings of Grayscale’s digital asset products are safe and secure,” Grayscale said on Friday. Bitcoin GBTC Whyy did the mediaa keepp a blind eye on this Thats great, I have recently started using ChiefraFba for signals, his accuracy is INSANE! BOOM! Another winning signal today from ChiefraFba
Source: BTCTN - 🏆 531. / 51 Read more »

GBTC Bitcoin discount nears 50% on FTX woes as investors stock upNot everyone is bearish on GBTC and its record BTC spot price discount — some big names have been buying. I'm buying crypto right now. Dropping more money in a few days :) ongoing from there. QRLedger the first post-quantum resistant chain with its (XMSS) stateful hash-based signatures. Next big update (in public dev) brings CRYSTALS-Kyber/Dilithium wallets PoS + EVM You don’t think there’s a reason for that do ya? Huhhhh hhmmmm **insolvency** hhmmm Short Short Short $GBTC it’s in the OTC markets. There is no need to cover.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Billion-Dollar Crypto Fund Grayscale Refuses to Post Proof-of-Reserves – Next Firm to Collapse?Crypto investment firm Grayscale has refused to share its proof-of-reserves citing 'security concerns.' The move has stirred up speculations about the financial health of the company. In a Saturday tweet, the company said major cryptocurrency exchange Coinbase, which is used by Grayscale as...
Source: CryptoPanicCom - 🏆 563. / 51 Read more »

Bitcoin Genesis Block TeeMake it January 3rd, 2009 every day with the Bitcoin Genesis Block Tee. This bright, lightweight tee features the Genesis Block of BTC contained inside a classic Bitcoin logo. Give the gift of SelfCustody Fireproof waterproof seedphrase storage Free shipping worldwide 📦✈️
Source: Cointelegraph - 🏆 562. / 51 Read more »