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22 April 2021

Grayscale Reveals Plans to Convert GBTC to Bitcoin ETF | Crypto Briefing

Grayscale Reveals Plans to Convert GBTC to Bitcoin ETF | Crypto Briefing


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In a blog post published this morning, Grayscale LLC announced its intention to convert its Bitcoin Trust Fund (GBTC) to an exchange-traded-fund (ETF).

The company warned that investors “should not assume that such products will ever obtain an approval.” Still, they hope to make the GBTC available in secondary markets like mutual funds, pension funds, and other retail investment products after the SEC’s approval.

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