FT News Briefing FTX trading arm sues Grayscale
Mar 7, 2023
Alameda Research is suing Grayscale, claiming the high fees and redemptions have harmed FTX investors. Chinese companies are increasingly turning to Switzerland to raise capital instead of the US or UK. Meanwhile, Japan’s new central bank governor, Kazuo Ueda, hints at potential changes to the country's aggressive yield curve control, a move that could impact global bond markets significantly. As these shifts unfold, the podcast explores the intertwined challenges of legal disputes and the evolving landscape of international finance.
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FTX Sues Grayscale
- FTX's Alameda Research is suing Grayscale to restructure its crypto trusts.
- They aim to unlock more value for investors like themselves.
Grayscale Trust Issues
- Alameda alleges Grayscale refuses redemptions and charges high fees on its Bitcoin trust.
- This is causing the trust to trade at a discount, impacting investors' returns.
Chinese Companies Flock to Switzerland
- Chinese companies are increasingly listing on the Swiss stock exchange due to geopolitical tension with the U.S.
- Switzerland offers access to European capital and a less stringent regulatory environment.