Grayscale Trust, the largest cryptocurrency asset manager has revealed its aspirations of launching a Bitcoin ETF amid growing demand for a fully regulated Exchange Traded Fund based on Bitcoin. The firm in its official press release said that they are aware of the growing discussion around Bitcoin ETF and also said that they are fully committed to converting Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF.
First and foremost we wish to make clear: we are 100% to converting GBTC into an ETF.
Grayscale’s Intentions for a Bitcoin ETF$GBTChttps://t.co/YprrukV5Il
— Barry Silbert (@BarrySilbert) April 5, 2021
Grayscale launched its first product in the form of Bitcoin Trust back in 2013 and has grown to become a $38.84 billion trust and one of the leading choice of Wall Street investors to invest in a Bitcoin-based institutional product. Since SEC considers Bitcoin and ETH as an asset class, thus the trust funds based on these two assets are considered to be a safe product to invest
Źródło: https://coingape.com/grayscale-reveals-plan-bitcoin-etf/
