Investors are betting that recent filings for spot BTC ETF improve the chances for Grayscale to convert its trust into an ETF and close the price gap, one observer said.
Grayscale earns around $380 million in annualized fees despite its GBTC product being inefficient, illiquid and trading at a discount, the report said.
Investors turned optimistic about Grayscale allowing redemptions in the future after BlackRock’s filing for spot bitcoin ETF last week, one analyst said.
Fund manager Grayscale is currently in a legal standoff with the SEC after the agency denied an application to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-trad...
Opimas LLC CEO and founder Octavio Marenzi discusses whether institutional investors could gain more exposure in bitcoin spot ETFs if approved, as the Grayscale Bitcoin Trust...
Grayscale Bitcoin Trust (GBTC)'s discount narrowed to 35%, the lowest level since Nov. 7, following what seemed to be a favorable court hearing on Tuesday for Grayscale Invest...