Grayscale plans to convert trust fund to Bitcoin on ETF
In light of the US Securities and Exchange Commission (SEC) approval of the Bitcoin futures ETF, asset management firm Grayscale Investments is set to enter a new market. The CEO of Digital Currency Group, Grayscale’s parent company, Barry Silbert, said the company is considering transforming its Bitcoin Trust into an ETF for Bitcoin. When asked when the company plans to launch Bitcoin ETFs, Silbert evasively replied, “Stay tuned.” Investors in the Grayscale Bitcoin Trust, however,…
