Bloomberg Analyst: It's possible that Grayscale could be acquired, potentially over a longer period of time

Bloomberg analyst James Seyffart said, "Theoretically, it's possible for Grayscale to be acquired and this could even happen over a long enough period of time, especially considering the current issues surrounding its parent company." Grayscale is owned by DCG. In October, DCG, its Genesis subsidiary and former business partner Gemini Trust were sued by New York State for allegedly defrauding investors of more than $1 billion. Moreover, since GBTC converted to an ETF, over $2 billion worth of GBTC has been sold. Some experts suggest that newcomers who want to get involved in the crypto market might consider acquiring established companies in the Bitcoin investment field like Grayscale.