CoinDesk: Grayscale CEO on New DeFi Fund, DeFi Risks, GBTC Unlockings
Michael Sonnenshein, CEO of digital asset manager Grayscale Investments, discusses the launch of a new institutional-grade decentralized finance (DeFi) fund and index providing investors with exposure to a portfolio of DeFi protocols. Plus, his take on DeFi's risks and its regulatory path ahead. Plus, whether Grayscale Bitcoin Trust (GBTC) unlockings are bearish or bullish for bitcoin's price. "We have started to see quite a bit of institutional capital and smart money moving into the [GBTC] product," Sonnenshein said.
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