Grayscale asks SEC to meet on ‘way forward’ for Bitcoin ETF conversion
1 min readGrayscale has told the Securities and Exchange Commission it has no legal reasoning left to block the conversion of the asset manager’s flagship Bitcoin (
Since the Aug. 29 court ruling the GBTC discount — the percentage showing how far off an ETF is trading above or below its net asset value — has fallen to 19.9%.
GBTC’s discount was nearing negative 50% during the bear cycle bottom following the FTX collapse in December 2022.
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