Grayscale CEO “Tender offer for investment trust GBTC is a last resort”

How to eliminate negative premium Michael Sonnenshein, CEO of US crypto asset (virtual currency) management company Grayscale, said in an interview with US CNBC on the 24th that if legal measures regarding the company’s bitcoin investment trust (GBTC) ETF conversion stalled, GBTC announced that it would consider a tender offer for its shares. “With Grayscale Bitcoin Trust, people aren’t allowed to redeem…Is there a point where you are going to let investors start redeeming? Why don’t you lower your fees in the meanwhile?” @BeckyQuick asks @Grayscale CEO @Sonnenshein: pic.twitter.com/bUY95jjzHv —Squawk Box (@SquawkCNBC) January 24, 2023 GBTC is an investment trust