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It’s Time For A Change! What is Happening in Crypto?

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Crypto asset manager Valkyrie Investments said it is interested in supporting and managing publicly traded bitcoin (BTC) currency Grayscale.

In a new statement, Valkyrie co-investigator Steve McClurg announced the company’s forecast to take over Grayscale Bitcoin Trust (GBTC) as the shares of the world’s largest Bitcoin currency market under 45% of the price. and money from BTC. According to McClurg, his new Valkyrie Opportunistic Fund seeks to take advantage of the declining price of GBTC relative to the underlying value of Bitcoin.

“As the fund increases its holdings of GBTC, we are very interested in realizing the true value of the underlying bitcoin for our investors and are working hard to pursue this goal on behalf of them.”

The crypto leader also offers plans to improve the current management of GBTC, which includes allowing investors to redeem their shares at a fair price without time or restrictions, in addition to reducing current fees a from 200 basis points. and 75 basis points to still. offers cashback in Bitcoin and cash. “Our plan represents a significant improvement in GBTC’s current management.

We are committed to putting the interests of GBTC shareholders first, and we have the experience and skills to succeed.”

Valkyrie’s plan comes as Grayscale’s parent company, Digital Currency Group, is facing financial difficulties after one of its subsidiaries, crypto lender Genesis, suspended issuance due to a lack of funds that hit the market. According to McClurg, the situation calls for changes in GBTC management.

Given the recent events involving Grayscale and its family of partners, the time has come for a change. Valkyrie is the best company running GBTC to ensure that those who – invest his money in the right way.

In December, it was reported that Grayscale said it was considering selling some of its capital back to investors if it did not receive US Securities and Exchange Commission approval to convert GBTC into a convertible currency.

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