News/DCG Sells Shares in Grayscale Crypto Trusts at Discount, Raises $22M

DCG Sells Shares in Grayscale Crypto Trusts at Discount, Raises $22M

Feb 07,2023,23:04

According to US securities filings, DCG is selling shares in the crypto trust funds of its subsidiary Grayscale at discount, in an effort to pay back the creditors of Genesis, Financial Times reports.

The filings showed that DCG's recent share sales have focused on the Ethereum fund, where the group has moved to sell about a quarter of its stock to raise $22m since January 24th.

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