Grayscale's Bitcoin Dominance Tested as BlackRock, Fidelity Gain Ground and Lawsuits Mount
• Grayscale Bitcoin Trust (GBTC) has a huge lead in crypto ETF assets under management, but new entrants like BlackRock and Fidelity are catching up.
• Experts say major financial firms could consider acquiring Grayscale to quickly gain scale and "crypto street cred."
• Grayscale's parent Digital Currency Group is facing lawsuits, and GBTC has seen billions in investor redemptions recently.
• An acquisition could happen sooner rather than later to scoop up Grayscale's bitcoin holdings before prices rise further.
• Strategic deals like CoinShares' acquisition of Valkyrie Investments' ETF unit could become more common among crypto asset managers.