Bernstein: Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global

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The market is concerned that Grayscale could be “considered for strategic options in case of catastrophe,” the note said. But DCG, even in the most adverse scenario, would prefer to hold onto Grayscale over Genesis, it said. Greyscale is DCG’s “flagship business and its cash-cow,” generating around $300 million a year in fees, according to Bernstein.

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