Grayscale Investments, manager of the world’s biggest publicly-traded bitcoin fund, said a new decentralized finance fund has started trading on over-the-counter markets.
The trading debut for the new fund, under the symbol “DEFG,” comes as Grayscale’s largest fund, the Grayscale Bitcoin Trust , is under distress, with its shares trading ato the value of the underlying cryptocurrency.
Grayscale LedesmaLyllah Do yo think GBTC has been leveraged?
Grayscale LedesmaLyllah Say you own 1 BTC. You wanna hold it 5 yrs. But if you sold 1 BTC today & bought GBTC, you could redeem it for 2 BTC sometime in next 5 years after ETF conversion. 2 BTC for 4 BTC, etc. You might not call me a Bitcoiner (I am) but you can't say it isn't smart if it works either.
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