Recent developments around the Digital Currency Group (DCG) led to widespread speculation about its future of its star subsidiaries. These include Genesis Global Trading and more importantly Grayscale Investments Inc. The latter happens to be the firm behind the Grayscale Bitcoin Trust, the world’s largest institutional Bitcoin fund. Grayscale’s DCG connection DCG’s crypto empire spans […]
Recent developments around the Digital Currency Group led to widespread speculation about its future of its star subsidiaries. These include Genesis Global Trading and more importantly Grayscale Investments Inc. The latter happens to be the firm behind the Grayscale Bitcoin Trust, the world’s largest institutional Bitcoin fund.DCG’s crypto empire spans across several entities including prime brokerage Genesis Global and the investment firm Grayscale.
Interestingly, the letter also revealed DCG’s own liabilities, which stood to be more than $2 billion. Genesis’ further failed at attempts to raise $1 billion paired with DCG’s questionable finances. This led crypto Twitter to make grave speculations. These include the liquidation of the Grayscale Bitcoin Trust by parent firm DCG, which would essentially flood the crypto market with over 630,000 BTC held in the fund.
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