Grayscale Reveals Plans to Convert GBTC to Bitcoin ETF

2021-4-6 16:49

In a blog post published this morning, Grayscale LLC announced its intention to convert its Bitcoin Trust Fund (GBTC) to an exchange traded fund (ETF).

Grayscale Bitcoin ETF Awaits Regulatory Approval 

Previously in 2016-2017, the digital asset management company had sought the SEC’s approval for a Bitcoin ETF. After failing to convince the U.S. regulators, Grayscale turned the focus to its trust fund for institutional investors. 

Four years down the line, the world’s largest Bitcoin trust commands $34 billion in assets under management.

According to the firm, the transition from an  SEC-reporting company to a Bitcoin ETF is the next step of its investment product’s evolution. The firm recently opened up several positions for ETF roles in the company. 

The company warned that investors “should not assume that such products will ever obtain an approval.” Still, they hope to make the GBTC available in secondary markets like mutual funds, pension funds, and other retail investment products after the SEC’s approval.

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bitcoin etf gbtc convert plans grayscale reveals

Источник: cryptobriefing.com

bitcoin etf → Результатов: 126


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Grayscale Records Inflows Into Spot Bitcoin ETF For The First Time – Here’s The Best Platform To Trade It

Global asset management company and the world’s largest Bitcoin ETF provider, Grayscale, has recorded new inflows into its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). This development marks a significant milestone for the popular Bitcoin ETF provider, which has consistently experienced millions of dollars in outflows daily.

2024-5-8 12:00


Фото:

VanEck lead charge as Australia prepares for Bitcoin ETF launch

Australia is poised to join the global trend of countries, including the US and Hong Kong, allowing their citizens to invest in Bitcoin exchange-traded funds (ETFs). ASX to approve Bitcoin ETFs Earlier today, Bloomberg reported that the Australian Securities Exchange (ASX) could approve its inaugural batch of spot Bitcoin ETF before the end of the […] The post VanEck lead charge as Australia prepares for Bitcoin ETF launch appeared first on CryptoSlate.

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