Amidst The Bear Market, BlockFi Claims To Windup All Its GBTC Position! GBTC Drops By 5%

Since Terra (LUNC) crashed in May 2022, the crypto lenders have been striving to cope with the losses and manage the liquidity issues. Yesterday, July 12, BlockFi, a crypto lender, claimed that Grayscale’s GBTC shares will no longer be accepted as shares.