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Grayscale will convert Bitcoin fund into a spot ETF, confirms CEO

Grayscale will convert Bitcoin fund into a spot ETF, confirms CEO



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  1. tldr; Digital Currency Group CEO Barry Silbert has confirmed that Grayscale Bitcoin Trust will convert its trust to a spot exchange-traded fund. Silbert said the trust would file to become a spot ETF as soon as there was a “clear, formal indication” from the Securities and Exchange Commission. Bitcoin hit a record high of $60,000 on Friday following reports that the SEC might approve a Bitcoin Futures ETF.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. This is old news.

    Grayscale has publicly mentioned this on several occasions that they are actively trying to convert GBTC into an ETF and will do so the moment regulators allow.

  3. LOL. Wall St. criminals are coming…

    Instead of putting money into a retirement fund which then buys shares of another fund which *claims* to buy bitcoins, but is likely doing a rehypothecation scam…

    …individuals should **buy actual Bitcoins** (not alt-coins, GBTC, ETFs, paypal, robinhood, etc), then send their Bitcoins to their own (hardware) wallets.

    “*Not your keys, not your Bitcoins*.” — Antonopoulos

    Stop applauding the Wall St. criminals.

  4. Does anyone have a chart of this vs bitcoin? It’s trading at a discount now but I could have swore that hasn’t always been the case. I don’t see how this price conversion would even happen.

  5. All they stated was intentions. Same intentions they have always had. They created the trust because they couldn’t create an ETF.

    This is nothing new. It all depends on regulatory actions still.

What do you think?

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