Grayscale, Below Stress as GBTC Low cost Widens, Says DeFi Fund Now Buying and selling

The buying and selling debut for the brand new fund, beneath the image “DEFG,” comes as Grayscale’s largest fund, the Grayscale Bitcoin Belief (GBTC), is beneath misery, with its shares buying and selling a document 47% low cost to the worth of the underlying cryptocurrency. Grayscale has stated it’s working enterprise as regular, however hypothesis in regards to the fund’s future has arisen amongst merchants and on Twitter in current weeks amid swirling questions in regards to the funds of Grayscale’s mother or father firm, Digital Forex Group, after a halt in crypto lending operations at one other subsidiary, Genesis International Capital. (CoinDesk can be a subsidiary of Digital Forex Group.)