2021.04.06

Grayscale ‘100% Committed’ to Making Biggest Crypto Fund an ETF

Grayscale Investments intends to convert the world’s largest crypto trust, which it manages, to an exchange-traded fund (ETF) as soon as US officials approve.

The company is “100% committed” to converting its $ 39 billion assets under management “Grayscale Bitcoin Trust” (GBTC) to ETFs, according to a blog on Wednesday. Expressed. The US Securities and Exchange Commission (SEC) has not yet approved the cryptocurrency ETF, but companies have applied for it in recent weeks following the opening of the first Bitcoin ETF in North America in February. doing.