Grayscale asks SEC to meet on ‘way forward’ for Bitcoin ETF conversion

Grayscale 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.

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in