Digital Currency Group rumoured to be bankrupt and sell GBTC.
Selkis noted that it is much more likely that DCG-Genesis will refinance using GBTC as security.
The $BTC underlying GBTC is owned by $GBTC and $GBTC alone, according to Grayscale.
Due to operator liquidity worries, GBTC trades at a 40% discount to NAV.
Aaron Schnarch, showing that it currently holds 635,235 BTC under custody in Grayscale's name.