The World’s Largest Bitcoin Fund Is Troubled. Here’s Why.
Bitcoin can’t seem to shake its funk. The world’s largest cryptocurrency was trading at around $57,300 on Tuesday, down 1% and hovering well below its all-time highs near $69,000.
With $37 billion in assets, the Grayscale trust is the world’s largest Bitcoin fund. It towers over every other fund on the market. Its next-closest rival, the
ProShares Bitcoin Strategy
(BITO) exchange-traded fund, has racked up $1.3 billion in…