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CoinGape
2022-07-13 04:21:32

BlockFi Will No Longer Accept Grayscale GBTC Shares As Collateral, Unwinds All Positions

BlockFi Will No Longer Accept Grayscale GBTC Shares As Collateral, Unwinds All Positions

Crypto lenders in the market have been severely struggling to handle liquidity challenges. On Tuesday, July 12, crypto lender BlockFi announced that it will no longer be accepting Grayscale’s GBTC shares as collateral. Following the news, the GBTC stock (OTCMKTS: GBTC) collapsed 5% on Tuesday ending at $12.21. Amid the Bitcoin price correction, the GBTC The post BlockFi Will No Longer Accept Grayscale GBTC Shares As Collateral, Unwinds All Positions appeared first on CoinGape.

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