Grayscales Spot-Bitcoin-ETF-Incoming? Plans for the conversion of his trust (report)

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The world's largest investment vehicle for cryptocurrencies-Grayscale-plans to convert its BTC Trust into a Bitcoin-Spot ETF next week. This is in the middle of numerous reports in which it is claimed that the SEC has finally decided to give a stock market-traded fund green light that pursues the performance of Bitcoin, even if it is a Futures fund.

Citing people who are familiar with the matter, cnbc that grayscale next week an application for the securities and Exchange Commission will be to convert the Bitcoin Trust into a spot ETF. As soon as the company has completed its submission, the Commission begins with a 75-day review period. According to the sources, Grayscale has decided to act now due to the latest developments on the Sec-Bitcoin ETF front. How last week appeared that indicated that Agency has finally decided to switch a Bitcoin futures ETF live in the USA. The largest wealth manager for cryptocurrencies has been striving for years to convert Bitcoin Trust into a stock market -traded fund that pursues the performance of the primary digital asset. At the beginning of this year, the company again Shortly afterwards it went one step further Partnership with America's oldest bank-BNY MELLON. The institutions will provide the Grayscale Bitcoin Trust the necessary fund accounting and management. Later greyscale David Lavalle-a former manager at Alerian and S-Network Global Indexes-to help the company to convert the largest BTC fund into an ETF.
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