Valkyrie Investments said it has a proposal for Digital Currency Group’s struggling Grayscale Bitcoin Trust and that it’s ready to become a “sponsor and manager” of the fund.
"We are well-equipped to handle the unique challenges and opportunities presented by GBTC,” the company said in a សេចក្តីថ្លែងការណ៍ នៅថ្ងៃទី 28 ខែធ្នូ។ "ការរួមបញ្ចូលគ្នានៃចំណេះដឹងផ្នែកបច្ចេកទេស និងបទប្បញ្ញត្តិ និងបទពិសោធន៍ប្រើប្រាស់ដៃរបស់យើង ធ្វើឱ្យពួកយើងជាជម្រើសដ៏ល្អដើម្បីទទួលយកតួនាទីនេះ។"
The firm also said it formed Valkyrie Opportunistic Fund, LP to capitalize on “the massive discount in the spread between the NAV [net asset value] and price of GBTC.” A Valkyrie spokesperson told The Block that it’s targeting an initial $75 million.
The fund will be used to increase GBTC holdings to realize “the true value of the underlying bitcoin for our investors,” according to the statement.
The firm proposed key improvements it would implement for GBTC management, such as allowing investors to redeem GBTC at net-asset value via a Regulation M filing.
In addition, Valkyrie said it wanted to lower fees from 200 basis points to 75 basis points to better reflect industry practices. It also wants to make an effort to provide redemptions for bitcoin and cash to “give investors greater flexibility and choice when it comes to redeeming their shares.”
មូលនិធិរបស់ Grayscale ឈានដល់កម្រិតទាបគ្រប់ពេលវេលានៃ 48.89% ទាក់ទងនឹងការបញ្ចុះតម្លៃដល់ NAV នៅថ្ងៃទី 13 ខែធ្នូ ហើយតម្លៃរបស់ GBTC គឺធ្លាក់ចុះ 77% ពីមួយឆ្នាំទៅមួយឆ្នាំ។
“In light of recent events involving Grayscale and its family of affiliated companies, it is time for a change,” Valkyrie said.
Grayscale did not immediately respond to a request for comment from The Block.
រក្សាសិទ្ធិគ្រប់យ៉ាងដោយឆ្នាំ ២០២០ ។ អត្ថបទនេះត្រូវបានផ្តល់ជូនសម្រាប់គោលបំណងព័ត៌មានតែប៉ុណ្ណោះ។ វាមិនត្រូវបានផ្តល់ជូនឬមានបំណងត្រូវបានប្រើជាច្បាប់ពន្ធការវិនិយោគហិរញ្ញវត្ថុឬដំបូន្មានផ្សេងទៀតទេ។
Source: https://www.theblock.co/post/198556/valkyrie-wants-to-manage-and-sponsor-grayscales-gbtc?utm_source=rss&utm_medium=rss