“That’s because the trust, known by itsGBTCticker, has traded at an average 25% discount to the price of its underlying asset since early 2021, a discount that should disappear upon conversion, the company said,” according toCNBC. Broadly speaking, ETFs don’t trade at significant discou...
Grayscale Ethereum Trust ETF BTC-USD 98,511.75 0.97% Bitcoin USD COIN 256.35 -0.09% Coinbase Global, Inc. RIOT 11.29 -2.67% Riot Platforms, Inc. BITO 22.91 0.13% ProShares Bitcoin ETF Compare Similar to GBTC SymbolLast PriceChange
BREAKING: There it is,@Grayscalewins their lawsuit against the SEC. DC Circuit court of appeals is vacating SEC's denial of$GBTC's conversion into an ETF.pic.twitter.com/gqFvMpmfnm — James Seyffart (@JSeyff)August 29, 2023 We had noted in a previouspostthat...
Since then, it has installedDavid LaValleas global head of ETFs, the previous CEO of index provider at Alerian and once head of ETF capital markets at State Street, and outsourced some fund administration work for GBTC toBNY Mellonin preparation for the planned conversion....
Cryptocurrency Lawsuit over Grayscale Bitcoin Trust conversion to an ETF expected to resolve this week as discount persists By CryptosRUs News Grayscale Taking Heat on Bitcoin Share Buybacks From Chicago Firm By Stacy Elliott Member Exclusive ...
Court of Appeals compelled the SEC to reconsider Grayscale’s spot Bitcoin ETF application. This lawsuit followed the SEC’s refusal to allow the conversion of GBTC into a spot Bitcoin ETF. The court’s ruling does not guarantee the conversion but has generated market optimism.Cathie Wood, Ark...