Sure esoteric components will be added to this. Though it is not Grayscale’s fault, Chung mentioned, one unknown issue is how a lot goodwill Grayscale has misplaced with buyers by means of the years of huge NAV reductions. Then there’s the unlucky circumstance of Grayscale’s proprietor, Digital Foreign money Group, having authorized woes. “Though, in actuality, GBTC is bankruptcy-remote, not each investor understands that. Some could really feel higher going to BlackRock or Invesco,” Chung mentioned. (One other DCG division, Genesis, is restructuring in chapter courtroom.)
