Crypto KOL: Genesis may have solvency issues

ChainCatcher news, crypto KOL Autism Capital posted on social media that there are market rumors suggesting that the crypto trading and lending institution Genesis may have solvency issues. The company will have a call with creditors on November 17 at 8:00 AM Eastern Time to explain the situation. If the news is true, Genesis may sell ETHE and GBTC to repay lenders.

According to Coinglass data, the current negative premium of the Grayscale Bitcoin Trust (GBTC) is 37.08%, and the negative premium of the ETH Trust is 34.47%. (source link)