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Grayscale is Clearly Clueless (Patreon)

Published:
2022-07-08 23:41:29
Imported:
2022-08

Content

I made a video a few months back here on why I thought Grayscale was clueless when it comes to structuring funds - one of the many was the Large Cap Fund that included garbage like BCH and LTC.... 

This was the video https://www.youtube.com/watch?v=J8is7ShaTP4 

Now it is essentially a BTC ETH fund. 

No wonder Gary will not approve their BTC ETF! 

Thanks Sanjay for sharing. 

Files

Grayscale Removes BCH, LTC and LINK from Large-Cap Fund; Cardano Retains Weighting

Tomiwabold Olajide Cover image via unsplash.com After a Q2, 2022 evaluation, digital currency asset management company Grayscale Investments has disclosed the amended fund component weightings for each product. In a press release, Grayscale stated that it had trimmed the portfolio of the Digital Large Cap Fund by selling portions of the current fund components as per their weightings.

Comments

Anonymous

Dammit. How did I not see this video when it first came out? Dumping my GBTC for a decent little gain on Monday.

Anonymous
>>87318089

What about this post caused you to think this? It's about their large cap fund, not GBTC.

Anonymous

James this post seems to be causing a ton of confusion. Just look at the comments. Guys: this Large Cap fund has nothing to do with GBTC, their flagship Bitcoin fund which they seek to turn into an ETF.

Anonymous
>>87326606

We understand that, we know that. The point is this: Creating funds based on horrible tokens and coins that perform terribly does not speak well to Greyscale's ability to manage a spot ETF well. Especially creating a fund with BCH in it alongside Bitcoin and then trying to seriously sell yourself to Gary Gensler, the one person who is simultaneously the most educated person on the areas of Bitcoin, crypto, and securities law there is and has publically stated that Bitcoin is a commodity and the rest are securities, is foolish at best and laughable at worst. Allow me to put it in a different way, more hyperbolic way: Gensler is most likely a Bitcoin Maxi and Greyscale is out there playing around in the altcoin lottery and shilling altcoins. It doesn't matter if they have 1 Bitcoin only fund, Gensler is never going to approve them due to their alt coin exposure.

Anonymous
>>87318089

I didn't realize that Grayscale has so many different funds, basically like throwing a dart and hoping for a win. I know that the large cap fund isn't the same as the BTC trust, but I had it in my head that they created the GBTC fund because they strongly believed in BTC. Now it looks like they were fishing for a win. In any case, I didn't want my investment dollars sitting for another year before there was a chance of winning the ETF, and perception of Grayscale in general is shaken.