Messari Research: DCG’s Barry Silbert Wins from SEC ETF stalemate, but Investors Lose.

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The SEC clearly won't let them fix it thanks to obstinance by the SEC’s leadership, writes Messari’s Ryan Selkis.

The bad Grayscale Trade was 3AC’s first step toward insolvency.3AC owned a huge chunk of GBTC with leverage — up to 6% of the trust at one point.

Grayscale is a subsidiary of Digital Currency Group, which owns CoinDesk.

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Article Details

Author / Journalist: Sam Reynolds

Category: Crypto

Topics: Grayscale Bitcoin Trust SEC ETFs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 08:06:29

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Reading Time: 6 minutes read

Article Length: 993 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22074

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About CoinDesk

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Coverage Areas: United States

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