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23 April 2021

Grayscale publishes roadmap for turning its products into crypto ETFs

Grayscale publishes roadmap for turning its products into crypto ETFs


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These funds hold cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and many others, and issue shares that are expected to reflect the value of the underlying assets.

Trust funds for Bitcoin Cash, Litecoin (LTC) and Ethereum Classic (ETC) fall into this category.

Loss of this premium, coupled with stiff competition from Purpose Bitcoin ETF in Canada, may have spurred Grayscale into action.

A stream of Bitcoin ETF filings by companies such as VanEck, WisdomTree and SkyBridge is continuing in 2021, with Grayscale now reentering the fold as well

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cointelegraph.com
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