What is grayscale Bitcoin unlock?

The trust is managed by Grayscale Investments, which is a unit of Digital Currency Group. Why are GBTC shares trading at a discount? Owing to the reduction in demand for its products , GBTC shares have traded at a sharp discount for almost a year, i.e., the discount has rapidly grown since last February.

Grayscale Investments is preparing to “unlock” a gigantic crypto fund allowing the sale of shares worth up to 40,000 Bitcoins . The Grayscale Bitcoin Trust (GBTC) is the world’s largest crypto fund and consists of holdings amounting to 650,000 BTC.

The GrayScale unlocking is an event that has been the most talked about in the cryptocurrency space this month. This event involves the multiple unlocking of GBTC shares held by institutional digital asset giant, GrayScale .