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GBTC Shares Jump on Judges' SEC Skepticism
Parent Company is Seeking to Overturn SEC Denial And Convert GBTC to an ETF
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Grayscale To Consider Tender Offer If ETF Conversion Fails
CEO Expects Court Decision Early Next Year
Byte
Grayscale Aims to Turn GBTC Into an ETF
Grayscale Investments intends to convert Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF), the asset manager said in a blog post Monday. “While several firms have submitted Bitcoin ETF applications in the form of an S-1 or 19b-4 to the SEC, we are confident in our current positioning and engagement with the SEC,” according…
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