Grayscale’s Sonnenshein Addresses GBTC’s Collapsing Premium
Sonnenshein thinks U.S. regulators aren't ready to approve a bitcoin ETF yet.
With redemptions in sight, GBTC shareholders now know they won’t be paying a 2% annual fee forever.
In a blog post, the world's largest digital asset manager, confirmed its intent to offer an ETF.
GBTC has been trading at a discount for several months in the face of rising competition and the prospect of a bitcoin ETF being approved in the U.S. this year.
The megabank is positioning itself to take an active role across the bitcoin markets.
Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.