on Barry Silbert, founder and head of Digital Currency Group, parent company of Grayscale Investments.
Silbert, commenting on the press release on the launch of the lawsuit, urged the SEC to approve the long-awaited spot Bitcoin ETF, saying that GBTC, the Bitcoin trust from Grayscale, is already used by 850,000 Americans. In response, Schiff said that it was just a hoax and that if Silbert cared about the trust holders, he would not wait forapproval but would sell Bitcoin collateral from under GBTC and perform a share buyback to reduce the huge discount of GBTC to BTC.
This is just a ruse. If you really cared about shareholders you wouldn't wait for the SEC to approve an ETF. You'd sell some
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