Valkryie, one of the largest digital asset management companies in the crypto money industry, announced that it is closely interested in the Grayscale Bitcoin Trust (GBTC) fund, which has not fallen off the agenda with its trading well below the spot price recently.
In a new blog post published this week, crypto asset manager Valkryie announced that the company intends to become the main sponsor and director of the Grayscale Bitcoin Trust (GBTC) product.
Valkryie, one of Grayscale’s biggest competitors, launched a bitcoin trust and exchange-traded fund in 2021. The US-based investment firm has apparently had its eye on the product of its biggest competitor.
In the statement made on the Valkryie blog site, the following statements were included:
“Grayscale has made a huge contribution to the cryptocurrency industry by launching GBTC. Thanks again to our biggest competitor for this great job. However, the latest news about Grayscale and its affiliates indicate that it is time for a change.”
The possibility of realizing this offer, announced by Valkryie, has big question marks. Because Grayscale dominates a $10 billion asset, while this figure is only around $180 million in Valkryie.
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