🔹What Grayscale and GBTC are, and what their discount and premium means. 🔹The chances of a potential Grayscale collapse and its implications. 🔹Which other entities could be in trouble. Let's all dive into these questions with CMC 👇
to square the books, the question is whether DCG can solve the problem by raising more money or selling equity. DCG will need to plug this hole either way, and it's probably not going to happen fast, so aselling the entire Grayscale business looks unlikelyGrayscale owns more than $10 billion worth of BTC collateral and some $3.6 billion more worth of ETH collateral for its identically-functioning ETHE fund.
And the fine print states that DCG can only sell about 12% of their shares each quarter, so it would take them more than two years to get rid of their GBTC shares.Short answer:investigated their links in an in-depth investigative research piece:there are other entities that lent money to Genesis and will have to write off assets if Genesis goes bankrupt.and has frozen withdrawals for its customers, as did probably a ton of other lenders. The crypto contagion seems far from over.
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