The RIA business can heave a sigh of relief as Grayscale beats the SEC in court and its GBTC fund soars in value
Firms like Charles Schwab & Co. and iCapital largely banked on Grayscale managers and mutual funds as a bridge solution only to get burned as discount to assets ballooned and Bitcoin plummeted in value -- a reversal that could continue to unwind
Author Brooke Southall August 30, 2023 at 3:54 AM
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Keith Girard contributed to the editing of this article.
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