Investor Claims There’s No Way to Cash Out From Grayscale’s Bitcoin Trust By Cointelegraph

Investor Claims There's No Way to Cash Out From Grayscale's

Investor Claims There’s No Way to Cash Out From Grayscale’s Bitcoin Trust

Qiao Wang — Investor, analyst and head of product at crypto market data firm Messari — raised major criticism about the way in which the Grayscale Trust, or GBTC, is set up.

In a June 11 tweet, Wang cites Grayscale’s official website, according to which “Grayscale Bitcoin Trust does not currently operate a redemption program and may halt creations from time to time.” He suggested that the absence of a redemption mechanism can result in GBTC trading at a discount compared to the net asset value, or NAV, of the fund’s assets…

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