SkyBridge’s Scaramucci Links Grayscale ETF sales to Bitcoin's fall

Gray Frame Corner Jan 17, 2024 By: Nisha Kumari Image credit: Fortune

Scaramucci’s statement

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What’s the conspiracy?

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Grayscale’s response

[{"selector":"#anim-0fc0405b-3027-4c28-a889-50a028a2db07","keyframes":{"opacity":[0,1]},"delay":350,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa894b01-dd46-449e-8595-0e30385100d7","keyframes":{"opacity":[0,1]},"delay":350,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3e78ae4-305c-4143-b7f1-7f86145df184","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-30935c12-f6da-4a49-946f-28f6ca88cc0f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dba7fc57-d15d-4efd-92d5-080d5dd97e4c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0039e3c8-a84c-4a2e-b9e2-f15f3209428c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b82b67a9-dac7-4716-ab23-c041b4c50432","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] White Frame Corner White Frame Corner Selling one Bitcoin product for another won't impact BTC’s price, as per Zach Pandl, Grayscale’s MD. After Bitcoin's sharp rise, some profit-taking is natural, he added. Image credit: Coindesk

GBTC’s share post-ETF approval

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Scaramucci’s anticipation

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Charges against FTX

[{"selector":"#anim-886dc0fd-5b34-4e26-ba17-bee2973569c0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-74fba655-5971-47b2-993f-4a5df0e853ef","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3bf73f3d-b29b-4ba1-b9f0-3146256dbeca","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4705a9e2-b54a-4c1f-a7d0-a7579bc14b80","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-595a82f4-070c-44e4-bfb4-7dbf930cf314","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] FTX, once a leading crypto exchange, filed for bankruptcy in 2022 amid a market crash. Despite this, it holds significant crypto assets and is now in the process of unwinding. Image credit: The Conversation

Final statement

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