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.
DCG 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.
The post Just-In: Barry Silbert’s DCG Sells Grayscale Trust Shares; Crypto Prices To Crash? appeared first on CoinGape.