Grayscale Bitcoin Trust’s (GBTC) discount has widened to a record high near 50%. Bearish sentiment surrounding the trust deepened over the last few weeks as fears surfaced that crypto trading firm Genesis Global Trading, which is owned by Grayscale’s parent company, Digital Currency Group (DCG), could file for bankruptcy. DCG is also CoinDesk’s parent company. Shares of the world’s largest bitcoin fund, GBTC, hit a record-high discount rate of 47.3% on Thursday, according to data from crypto index provider TradeBlock.

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• Source: https://www.coindesk.com/markets/2022/12/09/first-mover-americas-its-time-to-come-clean-about-those-crypto-losses/?utm_medium=referral&utm_source=rss&utm_campaign=headlines