Cryptoknowmics
2022-12-19 14:56:19

Grayscale Investments to Explore Returning 20% of Investor Capital

According to an investor letter cited by the Wall Street Journal, Grayscale Investments is considering options to return a fraction of the Investor Capital of its flagship Grayscale Bitcoin (GBTC) product. It is only possible if the Securities and Exchange Commission (SEC) declines to endorse its spot bitcoin exchange-traded fund (ETF). Grayscale to Return 20% of Investor Capital The 20% of GBTC shares that are still outstanding and are trading at a 49% discount to net asset value (NAV) might be one alternative, according to the research. In an earlier brief, the SEC cited a lack of regulatory monitoring as The post Grayscale Investments to Explore Returning 20% of Investor Capital appeared first on Cryptoknowmics-Crypto News and Media Platform .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.