DCG Sells Shares in Grayscale Crypto Trusts at Discount, Raises $22M

According to US securities filings, DCG is selling shares in the crypto trust funds of its subsidiary Grayscale at discount, in an effort to pay back the creditors of Genesis, Financial Times reports.

The filings showed that DCG's recent share sales have focused on the Ethereum fund, where the group has moved to sell about a quarter of its stock to raise $22m since January 24th.

Source

Fund

Grayscale

Related News
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report
Fantasy.top announces V2 and $4.25 million seed funding from Dragonfly and Manifold Ventures Fantasy.top announces V2 and $4.25 million seed funding from Dragonfly and Manifold Ventures
BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high
Global crypto investment products see $321 million in net weekly inflows as rebound continues: CoinShares Global crypto investment products see $321 million in net weekly inflows as rebound continues: CoinShares
Latest News More More
8 Hours Ago GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN
8 Hours Ago Bankrbot ends Grok's unintentional token creation spree by disabling interactions on X
1 Day Ago Taproot Wizards to hold first public auction of 'Wizards' Bitcoin Ordinals project
1 Day Ago Paradigm leads $82 million Series B round for crypto payments network Mesh
2 Days Ago Rex Shares, Osprey Funds file to list MOVE ETF with SEC as Movement readies mainnet launch
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open