Bloomberg Analyst: Considering the problems faced by the parent company DCG, Grayscale may theoretically be acquired

Bloomberg ETF analyst James Seyffart said it's theoretically possible that Grayscale could be acquired, even within a long enough time frame, especially given the problems its parent company is currently facing. Grayscale is owned by Digital Currency Group (DCG). DCG, its Genesis subsidiary and former business partner Gemini Trust were sued by New York state in October for allegedly defrauding investors of more than $1 billion. BDE Ventures founder Brian D. Evans said DCG’s legal issues and the large amount of funds withdrawn from GBTC could speed up the sale process. “It raises questions about the timing of how this is going to play out,” he said. “My suspicion is that if an acquisition happens, it’s probably going to be sooner rather than later because you want to acquire all of (Grayscale’s) Bitcoin before the price goes up.” coins.” (CoinDesk)