Bloomberg Intelligence analysts call potential upcoming futures ETF approval “worst-case scenario” for firm’s GBTC.
Institutions that are long on bitcoin or ether could be able to buy the two assets at a massive discount.
King said, “At Osprey, at a fundamental level, we fully believe in the power of blockchain-based technologies. Period.”
New fund joins Grayscale Digital Large Cap Fund as the firm’s second diversified offering
Grayscale Bitcoin Trust runs through one of its last scheduled unlocks on July 18, while the Grayscale Digital Large Cap Fund becomes an SEC-Reporting company.
“Don’t talk to me about blockchain or wallets, I just want to trade” is how LMAX Group’s David Mercer described the paradigm shift required to get more institutional investors trading digital assets.
Rival firms Fidelity and Schwab have not yet unveiled such a move into the market