Claim $500Just-In: Barry Silbert’s DCG Sells Grayscale Trust Shares; Crypto Prices To Crash?
Crypto News: In a big move, Digital Currency Group, a Capital market company is reportedly caught selling its stakes in one of the world’s largest digital asset trusts. DCG began to offload its shares in several funds in order to pay back creditors of its bankrupt lending arm, Genesis.
Digital Currency Group Sliding Into Bankruptcy?
As per reports, US securities filings reveal that DCG is selling its holdings in several funds handled by Grayscale. However, this move comes in as the Digital Currency Group struggles to raise funds to support Genesis.
DCG’s sell off action is enough to shake the investors’ sentiments towards the crypto market as the Capital market firm is one of the oldest and largest ones to infuse funds in digital assets. However, the largest crypto prices have already registered a massive slump over the past year. Read More Crypto News Here….
The complication building up for the DCG can be alarming bell for its investors which holds names biggies like Softbank, GIC and Alphabet’s venture capital arm CapitalG. While Grayscale is a leading Digital asset investment firm that is a gateway for earning hundreds of millions of dollars for Digital Currency Group.
Ethereum Fund In Danger?
It is important to note that DCG is selling stakes in Grayscale when its share has dipped considerably over the past two years. As per reports, Digital Currency Group is focusing on the Ethereum fund in this major sell off.
The capital group has moved on to sell about one fourth of its stakes since January 24 in order to raise $22 million. The company is reported selling shares at $8 while each share claim stands to be $16. However, DCG stated that this is a part of their ongoing portfolio rebalancing. While Digital Currency Group last sold its Ethereum Trust shares in 2021.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Shiba Inu Team Unveils ‘Shib Owes You’ Plan To Repay Plasma Bridge Hack Victims
- Fed Chair Race Tightens as Hassett’s Odds Slip Below 50% Ahead of Trump’s Decision
- Fed Injects $26 Billion: Will the Crypto Market Record a Year-End Rally?
- XRP Sell Pressure Intensifies amid Rising Inflows to Binance, South Korean Exchanges
- Crypto ETFs in 2026: What to Expect for Bitcoin, Ethereum, XRP, and Solana
- Binance Coin Price Risks Crash to $700 as Key BSC Metric Plunges 80%
- SUI Price Forecast: What’s Next for SUI in 2026 After $78.9M Token Unlocks?
- Solana Price Prediction: How High Could SOL Go in January 2026?
- Top 3 Predictions for Bitcoin price, Ethereum price and XRP price for 2026 According to Analysts
- Is $1 Dogecoin Price Technically Possible in 2026?
- Bitcoin Price Year-End Prediction: Analysts Highlight Key Levels Before 2025 Close
