At one point or another DCG's shareholders need to sack up, fire the new CEO and get that shit under control. They won't have any BTC left to take management fees on if this keeps up.
Discussion
Absolutely mind blowing what’s going on over there.
Notwithstanding Barry being a POS, this was actually a gigabrain move. They expected huge outflows from FTX and Gemini bankruptcies and were therefore wise to maximize fees during that outflow period. We'll see if they decide to get competitive once the bankruptcies are done. I think 3AC GBTC hasn't been sold off.
I heard somewhere that GBTCs parent company might be having financial difficulties. I haven’t done any research. Have you heard anything?