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Source: Millennium Management, A Hedge Fund With AUM Of $48.3 Billion, Holds GBTC
Summary: According to The Street, two people familiar with the matter revealed that Millennium Management, a multi-strategy hedge fund with AUM of $48.3 billion, has bought Grayscale's GBTC in late March. It is not clear how many shares of GBTC the investment company holds. The source said that Millennium appears to be the largest asset management company ...
According to The Street, two people familiar with the matter revealed that Millennium Management, a multi-strategy hedge fund with AUM of $48.3 billion, has bought Grayscale's GBTC in late March.
It is not clear how many shares of GBTC the investment company holds.
The source said that Millennium appears to be the largest asset management company involved in GBTC so far.
However, the current negative premium of GBTC's trading price relative to the net asset value reached 8.35%, as the data of YCharts show, which is not ideal for stakeholders. People familiar with the matter commented: "the arbitrage trade is just so broken."
By Mary Liu
Tags: GBTC,Greyscale,Millennium Management
Link: Source: Millennium Management, A Hedge Fund With AUM Of $48.3 Billion, Holds GBTC [Copy]
