Just-In: Barry Silbert’s DCG Sells Grayscale Trust shares; Crypto Prices to Crash
Crypto News: A Capital market company, Digital Currency Group, is reported to have sold its stakes in one the largest digital asset trusts in the world. DCG began to sell its shares in several funds to pay Genesis’ creditors.
According to reports, US securities filings show that DCG is selling its holdings within several funds managed by Grayscale. This is a move that comes as the Digital Currency Group struggles for funds to support Genesis.
DCG’s sale off action is enough for investors to be shaken about the crypto market. Capital market is one of the oldest and most important firms to infuse funds into digital assets.
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