Crypto Giant Grayscale Considers Selling Portion of $10,753,804,948 Bitcoin Trust if ETF Plan Fails: Report

Crypto asset management giant Grayscale is reportedly considering selling some of its capital back to investors if the firm’s plans for exchange-traded funds (ETFs) don’t work out. According to a new Wall Street Journal report, Grayscale may explore alternative pathways to returning some of the Grayscale Bitcoin Trust’s (GBTC) capital to shareholders should the company’s plans for a BTC-backed ETF fall through. According to a letter sent to investors from Grayscale Chief Executive Michael Sonnenshein, options may include “a tender offer for up to 20% of the outstanding shares of the $10.7 billion trust.” The Grayscale Bitcoin Trust was set up