news

bitcoin

1 X bitcoin bitcoin =

Thursday

22 April 2021

Report: $48 Billion Hedge Fund Millennium Management Had GBTC Exposure

Report: $48 Billion Hedge Fund Millennium Management Had GBTC Exposure


smart summary beta

Millennium Management, one of the world's largest hedge funds with $48 billion in assets under management, is reported to have had exposure to Grayscale Bitcoin Trust (GBTC) as net asset value (NAV) fell steeply in March, according to TheStreet Crypto.

Because GBTC is structured as a trust, investors who redeemed shares from Grayscale have to abide by a six-month lockup period before being able to trade their shares on the secondary market, potentially locking Millennium and other funds into losses as the premium turned negative in February. .

Goto Full Article

bitcoin bitcoin price

$55213.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

bitcoinmagazine.com
Market data feeds provided by cryptocompare.com
bitsmart 2021