Michael Sonnenshein, chief executive at digital asset manager Grayscale Investments, said Tuesday the company would consider providing a tender offer to redeem shares of its bitcoin trust, if it exhausts all the options to push for the trust fund’s conversion to an exchange-traded fund. Sonnenshein didn’t mention details of the potential tender offer. In a letter to investors in December, Sonnenshein said Grayscale may consider a tender offer for up to 20% shares of Grayscale bitcoin trust GBTC, while it is subject to the…
