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Grayscale Still 100% Committed to Converting GBTC to a Bitcoin ETF
Coinfomania
Mon, Apr 5, 2021 3:45 PM by Coinfomania
Grayscale Still 100% Committed to Converting GBTC to a Bitcoin ETF
New York-based asset manager Grayscale has reiterated its commitment to convert the Grayscale Bitcoin Trust (GBTC) to a publicly-traded fund listed on a stock exchange. The statement comes in the wake of a heated race to deliver the first Bitcoin Exchange-traded Fund (ETF) in the United States, with many traditional institutions already in the running. Within the first quarter of the year, VanEck, Bitwise, WisdomTree Investments, New York Digital Investment Group (NYDIG), Valkyrie Digital Assets, and a handful of others have all filed for a Bitcoin ETF. The approval of such a publicly-traded product will provide stern competition for Grayscale’s
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