Monday, July 26

Grayscale Bitcoin Lockup

Bitcoin, Bitcoin market outlook, GBTC Lockup expirations, Grayscale Bitcoin, Grayscale Bitcoin Lockup, grayscale bitcoin trust, Markets, MI Exclusive

4 crypto experts break down how one of the largest Grayscale Bitcoin unlock periods will affect the cryptocurrency market

A large swath of Grayscale Bitcoin Trust could hit secondary markets in July as six-month share lockups expire. JPMorgan anticipates the lockup expirations will cause downward pressure on bitcoin's price. Other crypto experts say the hotly-anticipated lockup expiration may not create as much volatility as expected. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A swath of shares in Grayscale Bitcoin Trust worth nearly 40,000 bitcoins will unlock in July in a hotly anticipated lockup expiration for the world's largest bitcoin fund.Due to the nature of the Grayscale Bitcoin Trust, institutional investors w...