Three Arrows Capital Now Holds More Than 6% of Grayscale’s $3.6B Bitcoin Trust
Three Arrows Capital now holds about 6.26% of the shares in the Grayscale Bitcoin Trust, or more than 20,000 bitcoins' worth.
Crypto investment firm Grayscale has told the SEC the dollar value of assets in its flagship bitcoin fund increased 90% to over $1.6 billion.
Bitcoin Cash Trust and Litecoin Trust will carry the tickers BCHG and LTCN once they commence OTC trading.
Grayscale now has six publicly traded crypto investment vehicles, all trusts.
Two consecutive record quarters for Grayscale mean cumulative capital inflows have doubled in the past six months to $2.6 billion.
Three Arrows has taken a large bet on GBTC but the halcyon days of the Grayscale premium flip may be numbered.