Grayscale ‘100% Committed’ to Converting Its Leading Bitcoin Trust Into an ETF

What happened? Leading crypto asset management firm Grayscale Investments said on Monday that it is “100% committed” to converting its US$39B Grayscale Bitcoin Trust (‘GBTC’) into a bitcoin (‘BTC’) exchange-traded fund (‘ETF’). Timelines for these plans depend entirely on how long it takes for U.S. regulators to start—if at all—approving BTC ETFs. Why is it […]