Grayscale Investments 'Bitcoin Trust tau muag ntawm cov ntaub ntawv luv nqi nyob rau hauv cov hnub tsis ntev los no, txawm tias qee tus neeg saib xyuas kev lag luam tsis xav tias qhov kev ntseeg siab yuav ploj mus.
Kev lag luam crypto tsis tu ncua, feem ntau tsis ntev los no tau txhawb nqa los ntawm kev sib tsoo ntawm crypto pauv FTX thiab nws cov ntaub ntawv rau kev lag luam poob thaum ntxov lub hlis no, yuav zoo li tsis nyob rau hauv nws tus kheej yuam kom tshem tawm kev ntseeg siab (GBTC), Bloomberg Intelligence Analyst James Seyffart tau hais hauv tsab ntawv tshawb fawb.
"Qhov ntawd yog vim GBTC tus nqi tsim nqi rau nws niam nws txiv, kev cuam tshuam rau cov tswv lag luam kom yuam kom muaj kev txav mus los thiab qhov yuav tsum tau muaj kev faib tawm hauv cov nyiaj ntsuab, tsis yog bitcoin," nws hais. "Ntxiv rau, liquidating GBTC kuj tseem txhais tau tias qhib kev lag luam muag bitcoin tam sim no muaj nqis $ 10.5 nphom ntawm 45% luv nqi."
GBTC qhov luv nqi mus txog 45% rau hnub Friday - nce los ntawm kwv yees li 42.7% hnub ua ntej, raws li YCharts.com. Qhov luv nqi yog hovering nyob ib ncig ntawm 35% thaum pib lub Kaum Ib Hlis.
Seyffart tweeted tias GBTC qhov luv nqi mus txog 50% rau hnub Monday sawv ntxov ua ntej thim rov qab mus rau kwv yees li 48%.
Bryan Armour, tus thawj coj ntawm kev tshawb fawb cov tswv yim tsis zoo ntawm Morningstar, tau hais tias GBTC cov ntaub ntawv luv nqi yog "kev txhawj xeeb loj" rau cov tub ua lag luam uas twb tau hnov txog qhov kev chim siab los ntawm bitcoin lub xyoo rau hnub poob ntau dua 60%. Greyscale muaj qhov kev xaiv los tawm tsam qee qhov khoom siv pent-up ntawm GBTC los ntawm kev tso cai txhiv cov shares, uas tuaj yeem yooj yim txo nqi, nws hais ntxiv.
Armor tau hais tias "Lawv tsis tau pom tias muaj kev txaus siab los rub lub zog no vim tias nws yuav tsim cov nqi thiab txo cov nyiaj tau los yav tom ntej los ntawm tus nqi tswj," Armor hais.
Tus cev lus Greyscale tsis tau rov qab thov kev tawm tswv yim tam sim ntawd.
Armor kuj tsis cia siab tias cov pab pawg nyiaj yuav ua kom tiav GBTC, raws li nws qhov kev kwv yees, Grayscale tau ua txog $ 900 lab hauv cov nqi tswj txij thaum pib ntawm 2021. GBTC nqa tus nqi tswj txhua xyoo ntawm 2%.
"Lawv yuav tsis kam tua tus goose golden," Armor hais.
Yuav ua li cas nyob rau hauv cov ntaub ntawv ntawm liquidation
Seyffart tau sau tseg tias Grayscale qhov kev poob nyiaj lossis kev lag luam poob qis yuav yog vim li cas rau kev tshem tawm tshwj tsis yog 50% ntawm cov koom nrog hauv kev pov npav ntseeg kom hloov mus rau tus neeg txhawb nqa tshiab.
Yog hais tias raug yuam kom liquidate, Greyscale yuav koom ncaj qha nrog bitcoin pauv los yog tom khw bitcoin khw muag khoom kom tshem tawm qhov kev ntseeg siab ntawm bitcoin "kom sai li sai tau thaum tau txais tus nqi ncaj ncees zoo tshaj plaws," raws li SEC nthuav tawm.
Kev qiv nyiaj ntawm cryptoasset manager Chiv Keeb txwv tsis pub cov neeg siv khoom txhiv thiab kev qiv nyiaj tshiab lub lim tiam dhau los. Yuav ua li cas Grayscale tuaj yeem cuam tshuam los ntawm qhov muaj peev xwm ntawm Chiv Keeb kev lag luam tsis paub meej, Seyffart tau hais.
Tus cev lus rau Digital Currency Group - lub tuam txhab niam txiv ntawm Grayscale thiab Chiv Keeb - tsis tau rov qab thov kev tawm tswv yim tam sim ntawd.
Tag nrho cov cuab tam digital hauv Grayscale cov khoom yog tuav los ntawm Coinbase Custody Trust Company, lub tuam txhab tau hais hauv tus ncej blog Hnub Friday. Cov ntaub ntawv tswj hwm txhua qhov kev thov txwv tsis pub cov cuab tam los ntawm qiv lossis qiv, nws ntxiv.
"Kev saib xyuas ntawm cov cuab tam digital hauv qab Grayscale cov khoom vaj khoom tsev digital tsis muaj kev cuam tshuam, thiab peb cov khoom lag luam cov cuab tam digital tseem muaj kev nyab xeeb thiab nyab xeeb," blog hais.
Kev daws sai dua los txo qhov luv nqi?
Grayscale Tus Thawj Saib Xyuas Kev Cai Lij Choj Craig Salm tau hais yav dhau los tias GBTC hloov mus rau ETF yuav kaw qhov kev ntseeg siab txo nqi. Lub tuam txhab tau foob SEC ua ntej xyoo no tom qab nws tsis kam lees GBTC txoj kev hloov dua siab tshiab mus rau qhov chaw bitcoin ETF. Lub regulator tsuas muaj kev pom zoo derivatives-raws li cov khoom.
"Cov xwm txheej tsis ntev los no - thaum tsis muaj hmoo rau tag nrho crypto ecosystem - yuav tsum ntxiv dag zog rau peb rooj plaub ua ntej DC Circuit Court of Appeals," nws hais rau Blockworks hauv email tom qab FTX ua ntaub ntawv bankruptcy.
Armor tau hais tias nws tsis cia siab tias GBTC yuav hloov mus rau ETF - qhov kev xav tau sib koom los ntawm lwm tus neeg saib xyuas kev lag luam uas tau hais tias FTX lub tshuab tawg. tej zaum yuav tiv thaiv kev txhim kho crypto kev cai txhua sij hawm sai sai.
Txawm tias tsis muaj kev pom zoo los ntawm SEC, txawm li cas los xij, Lwm cov tswv cuab hauv kev lag luam hais tias lub tuam txhab yuav tsum sim rau Txoj Cai M nyem, ib txoj cai lub koom haum tsim los tiv thaiv manipulation. Nws tuaj yeem yog qhov kev siv dag zog kawg rau niam txiv tuam txhab DCG kom txuag tau cov cuab tam, raws li Andrew Parrish, co-founder ntawm Arch Public Inc.
Parrish tau hais tias "Kuv tsis xav tias muaj txiaj ntsig zoo rau cov tub ua lag luam, Kuv xav tias muaj txiaj ntsig rau Chiv Keeb thiab DCG npog lub qhov ntawm lawv daim ntawv tshuav nyiaj, npog qhov poob ntawm lawv daim ntawv tshuav nyiaj li cas," Parrish hais. "Kuv xav tias yog vim li cas tag nrho rau txhua yam kev siv Reg M hauv txhua yam ntawm 'restructuring,' thiab restructuring yog qhov xwm txheej zoo tshaj plaws."
Txoj Cai M, yog tias tau tso cai, tso cai rau cov peev nyiaj los tsim thiab txhiv cov shares, Grayscale tau hais hauv Q&A piav qhia txog qhov kev hloov dua siab tshiab yuav ua li cas. Yog tias SEC pom zoo GBTC txoj kev hloov mus rau ETF, Txoj Cai M yuav tau txais kev tso cai, Grayscale tau hais.
Tab sis, Grayscale tuaj yeem xaiv los thov Kev Cai M kev pom zoo tam sim no, ua ntej qhov kev foob raug txiav txim, uas yuav tshem tawm qhov luv nqi rau cov cuab yeej cuab tam tus nqi, raws li Messari CEO Ryan Selkis. "
Qhov txawv ntawm Grayscale yeej nws rooj plaub vs SEC nyob rau hauv lub teeb ntawm cov neeg koom nrog kev lag luam nrog Chiv Keeb Kev Lag Luam, Chiv Keeb Peev, thiab tsawg kawg yog ob tus neeg ua lag luam poob nyiaj txiag (BlockFi thiab 3AC) tam sim no yog 0, "Selkis tau hais rau Twitter. "Kev ncua sijhawm mus nrhiav Reg M program ua mob rau cov tswv lag luam thaum txhawb nqa DCG / Greyscale."
Tau txais cov xov xwm zoo tshaj plaws niaj hnub crypto thiab kev nkag siab xa mus rau koj lub inbox txhua hmo. Sau npe yuav Blockworks' tsab ntawv xov xwm pub dawb tam sim no.
Tau qhov twg los: https://blockworks.co/news/the-grayscale-dilemma-a-record-discount-and-a-golden-goose