Investor Claims There's No Way to Cash Out From Grayscale's Bitcoin Trust
Cointelegraph
Published Jun 12, 2020 03:26PM ET
Updated Jun 13, 2020 10:20PM ET
Qiao Wang — Investor, analyst and head of product at crypto market data firm Messari — raised major criticism about the way in which the Grayscale Bitcoin Trust, or GBTC, is set up.
In a June 11 tweet, Wang cites Grayscale’s official website, according to which “Grayscale Bitcoin Trust does not currently operate a redemption program and may halt creations from time to time.” He suggested that the absence of a redemption mechanism can result in GBTC trading at a discount compared to the net asset value, or NAV, of the fund’s assets...
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Written By: Cointelegraph
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