An Activist Investor's Perspective on Grayscale

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

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. He dives into GBTC's history and how this situation has evolved, what he and Marlton are campaigning for, and what changes he’s pursuing that will be accretive to shareholders. Filmed on June 2, 2021. Key Learnings: Elbaor shares how Grayscale is evolving to become the Blackrock of crypto by providing different avenues to receive exposure to the space through closed-end funds. While supportive of Grayscale, he discusses how the fee structure associated with Grayscale's trust is becoming less cost-competitive and the management of GBTC has essentially allowed the fund to free fall. Believing that the fund needs to trade closer to its net asset value, he advocates for GBTC to adopt a modified Dutch auction tender to close its discount.
Get access to daily trading ideas, trending topics, interviews and more!
Please subscribe to Canadian Insider Club Ultra

More Ultra Money Videos

Mapping the Future of DeFi
A contrarian thinker in the DeFi space, Sean Lippel, partner and head of digital assets at FinTech Collective, joins Jim Bianco, president of Bianco Research LLC, to bring us through the many facets of DeFi with a new perspective. Lippel, a true expert in the field, makes a case for a possible solution to crypto's propensity to volatility, one of the primary criticisms to its feasibility as a standalone currency. Lippel suggests that continued integration of DeFi with real world assets—whether that’s real estate, commodities, business loans, etc.—will gradually reduce the volatility due to the robustness of real world demand. In addition, Lippel shares intriguing insights on central bank digital currencies, stablecoins, and regulation that break the mold of typical commentators in the space. Filmed on July 21, 2021.
Real VisionAugust 03, 2021
Samir Madani: Tracking Illegal Oil Tankers
Samir Madani, co-founder of Tanker Trackers, joins Real Vision to discuss the nuances of the oil market and his method for tracking international oil tankers to gain insights into oil demand before countries can record their imports. Madani tracks illicit oil transportation on tankers that turn off their tracking devices because they service markets with trade sanctions. He dives into oil demand impacted by the Delta variant and cites the transportation of light oil shipments as evidence for an increase in gasoline consumption among states with fewer Covid restrictions. Madani believes that OPEC’s decision will fail to lower prices in the short term because reopening economies will maintain the supply and demand imbalance leading to a bullish outlook for oil. Filmed on July 22, 2021.
Framework: The DeFi Incubator
Michael Anderson and Vance Spencer, co-founders of Framework Ventures, discuss how Framework Ventures is a venture capital firm through and through—however, the company is unique in that it employs a software development department to assist their investees in growing, particularly with tokenization. Spencer believes tokenization has the potential to produce robust network effects, underestimated by traditional applications of Metcalfe's Law. Anderson and Spencer discuss topics including their transition from traditional tech into crypto and the revolutionary implications of protocols like "Automated Market Makers". Interviewed by Ash Bennington on July 21, 2021.

Get a Canadian Insider Club Ultra subscription for

  • Insider filing email alerts
  • Access to premium INK Research reports
  • Full access to weekly North America Top filer reports
  • Ad-free browsing
  • INK Ultra Money premium content

(already an Ultra member? Please log into your account for access)