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Biggest Bitcoin Fund Says It Might Try Tender Offer. That’s Good News For Investors

"Grayscale Investments still wants to convert the world’s largest Bitcoin fund into an exchange-traded fund, but is suggesting a Plan B if it can’t. And the fallback would be good for shareholders."

If Grayscale’s Bitcoin ETF Dreams Fail, Firm May Try a Tender Offer, CEO Says

"Last year, Marlton LLC, an event-driven hedge fund focused on closed-end funds, said in an open letter to Grayscale that a tender offer"

James Elbaor is investing in Bill Ackman at a Discount $PSH

James Elbaor, founder and CIO of Marlton, discusses his investment thesis for Pershing Square Holdings (PSH).

James Elbaor is investing in Dan Loeb at a Discount $TPOU

James Elbaor, founder and CIO of Marlton, discusses his investment thesis for Third Point Investors (TPOU; trades in London).

An Activist Investor's Perspective on Grayscale

James C. Elbaor, founder of Marlton LLC, joins Real Vision senior editor Ash Bennington to share his perspective on Grayscale and the activist campaign he is leading on Grayscale. Elbaor first explains how Grayscale works as a closed-end fund, and he breaks down how many shareholders who have a position in Grayscale’s Bitcoin Trust (GBTC) are not currently being served by its management.

Grayscale Bitcoin Trust Assailed by Investor Over Discount

An activist that owns shares in Grayscale Bitcoin Trust is demanding a tender offer to boost prices that had fallen about 8% below the value of the digital assets it holds.