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When Is Grayscale Unlocking?

Sarah Jenkins • • 6 min read
When Is Grayscale Unlocking?

The next unlocking is expected in 2022.

Is Grayscale unlocked?

Grayscale Bitcoin Trust FUD is now over as the last GBTC unlock totals just 58 BTC. ... Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) completed its share unlockings this week, ending a major talking point both inside and outside crypto.

What happens when grayscale unlocks bitcoin?

The trade works when funds borrow bitcoin to deposit into GBTC, then they have shares of GBTC that are worth more than the bitcoin they bought. When the unlock period occurs the shares, redeemable for bitcoin, have a mark-up over the price of bitcoin and thus the fund finds itself in possession of free bitcoin.

Sarah Jenkins
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Sarah Jenkins

Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.