GBTC Holder Says Not Enough Being Done To Eliminate Discount On Shares — Proposes An Alternative Solution
Fri, 09 Apr 2021, 06:27 am UTC
A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares. According to Marlton, such a tender offer “would materially narrow — if not eliminate — the discount to net asset value (NAV).” This, in turn, offers stockholders confidence “in the sponsor’s ability to manage the fund’s discount.”
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