Grayscale Seeks Investors’ Support to Make its Bitcoin Spot ETF Dream come True
On July 6, the SEC will say whether it has approved Grayscale’s application to turn its flagship Bitcoin Trust into a spot ETF.
Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF, CNBC has learned. That’s because the trust, known by its GBTC ticker, has traded at an average 25% discount to the price of its underlying asset…