Grayscale are exploring options to return a portion of its GBTC and Sam Bankman-Fried no longer will contest extradition to the U.S. LedesmaLyllah reports.
Grayscale Bitcoin Trust
if the Securities and Exchange Commission refuses to approve its spot bitcoin exchange-traded fund. One option is to offer tender for up to 20% of outstanding GBTC shares, which are currently trading at a 49% discount to net asset value. Grayscale has been knocked back multiple times in its mission to convert its bitcoin trust into an ETF, with the SECto the U.S. from the Bahamas. Bankman-Fried was arrested in the Bahamas following a U.S. request Dec. 12, after the crypto exchange's Nov.
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