GBTC Witnesses $166M Outflow Despite CEO’s Reassurances
GBTC faces over $16.2B in outflows since January, struggling against competitors like BlackRock amid high fees and market shifts. #BitcoinETF #CryptoNews
GBTC
Analysts Split on Bitcoin’s Future Amidst GBTC Liquidation
Experts clash over Bitcoin’s fate amid $25B GBTC liquidation: Some predict a price dip, while others like Mike Novogratz foresee a bullish rise in 6 months. What’s your take on BTC’s future? 📉📈 #BitcoinPrediction #CryptoDebate #GBTCLiquidation
Grayscale Tweets About Insolvency Rumors
Grayscale, has confirmed through Twitter that everything is well with the company and that other crypto assets entirely back all crypto assets. Read CNL.
3AC Co-Founders: UST, Luna, and GBTC Trades Caused Fund Disputes
Founders of 3AC confirmed that Terra and GBTC trades destroyed the firm’s crypto fund. Co-founder Su Zhu admitted that 3AC failed to realize that Luna could fall to zero. The firm continued to borrow until their debt piled up to $3.5B, as per court filing. Three Arrow Capital (3AC) co-founders, Kyle Davies and Su Zhu, told Bloomberg that trades containing Grayscale Bitcoin Trust (GBTC), Terra’s luna (LUNA) and terraUSD (UST) tokens has caused to the disputes of the troubled crypto fund of the company. The SIngapore-based crypto hedge fund founders confirmed that the company lost almost $200 million due to
