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Thursday

22 April 2021

Bitcoin whales on the defense, this is how BTC could climb to new highs

Bitcoin whales on the defense, this is how BTC could climb to new highs


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Looking at the bigger picture, Grayscale Bitcoin Trust (GBTC) has lost its monopoly as the only investment vehicle for institutions seeking exposure to Bitcoin.

In a recent publication, the firm has revealed that they are “committed” to converting GBTC into an ETF.

Today, we remain committed to converting GBTC into an ETF although the timing will be driven by the regulatory environment.

When GBTC converts to an ETF, shareholders of publicly-traded GBTC shares will not need to take action and the management fee will be reduced accordingly

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