What is going on with Grayscale Bitcoin Trust (GBTC), the world’s largest crypto fund?

Shares of the world's largest crypto fund ($10.5bn) are trading at 40% discount to the value of its holdings. What does this mean? Why does this matter? And should we be worried?

Another week, another story. There’s as lot of buzz about Grayscale Bitcoin Trust (GBTC), its connection to FTX, DCG (Digital Currency Group), Three Arrows Capital (3AC), and Genesis, its dangerously low discount rate and its risk of being liquidated. It’s pretty entangled. I dug into some of the details on how it all works:

GBTC is the world’s largest …