✨ What's the Latest with Grayscale's GBTC?
posted 7 Dec 2023
The Grayscale Bitcoin Trust (GBTC) is presently trading at about an 11% discount below the net asset value (NAV) of the trust, though it recently dipped to nearly 8%.
Michael Sonnenshein, the CEO of Grayscale Investments, has shared an
optimistic view regarding the potential conversion of their GBTC into a
spot Bitcoin ETF.
“We
have been actively engaging with the US SEC, and the questions we have
received from them signal to us that they want to be involved in this
issue and are eager to make progress on it,” he noted in a conversation with Yahoo Finance.
Notably,
the U.S. Securities and Exchange Commission (SEC) held multiple
meetings in late November with firms seeking to launch spot crypto ETFs.
These companies are actively updating their applications based on
ongoing dialogues with the SEC.
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