The firm has so far held off on redemptions during the #discounted period as it continues to seek the conversion of GBTC and #ETHE to ETF spot funds.

Allowing holders of #GBTC and #ETHE positions to redeem them for the underlying assets at a 1:1 ratio.

The financial strain the large Gemini hole could place on DCG is significant because they may be forced to sell sizable #GBTC and #ETHE positions

which would allow holders of #GBTC and #ETHE positions to redeem them for the underlying assets at a 1:1 ratio.