Business NewsRegulations News

Grayscale is sued for potential mismanagement of its Bitcoin Trust GBTC

Grayscale has been in the crosshairs of the community and other industry players lately. As its sister company Genesis Trading is facing trouble regarding to their financial status, Grayscale has for now refused to disclose their proof-of-reserves.
Hedge fund Fir Tree is now suing Grayscale for potential mismanagement of the Grayscale Bitcoin Trust, as investors are supposedly kept from exiting the trust and redeeming their shares. Grayscale has been working on converting its GBTC to an ETF, and that is allegedly the reason why investors could not redeem shares legally.

Become a Bitcoin Expert in Minutes: Learn How to Buy Bitcoin the Smart Way!

Stay ahead of the game with our Regulations News.
Boost your knowledge about Crypto with our Crypto Encyclopedia.


Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
Back to top button