Will Lawsuit Against DCG Impact GBTC’s Chances of an ETF Conversion?
Analysts are speculating over whether the lawsuit might have any implications for its GBTC conversion chances.
Analysts are speculating over whether the lawsuit might have any implications for its GBTC conversion chances.
The fund’s shares have traded at a discount to NAV since December 2021.
One analyst believes SEC Chair Gary Gensler has little choice but to soon approve the long-awaited vehicle.
The latest price moves in crypto markets in context for Oct. 16, 2023.
The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.
The company’s Ethereum trust is the largest ether investment product in the world with nearly $5 billion in AUM.
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.