Odaily Planet Daily News Ryan Selkis, founder of blockchain analysis company Messari, tweeted, "According to public document analysis, the Grayscale Bitcoin Trust Fund GBTC is very likely held by its parent company DCG, but it is equally reasonable that most of these collaterals are actually held by Genesis rather than DCG. DCG has approximately $600 million to $800 million in cryptocurrency collateral, most of which are GBTC and ETHE shares purchased in 2021 and early 2022; if these assets are indeed Genesis collateral, then it means that DCG's fund net value has been reduced by 50%. This also means that in the next two and a half years, Genesis will be forced to sell millions of GBTC shares every month to repay creditors, which will also hinder DCG from launching an ETF."