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GBTC - which in January received approval to convert from a trust to an ETF - currently has higher fees than its peers, one of the key factors in drawing investors to rival ETFs, Reuters has reported.
A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign off, according ...
Grayscale said in March that it would seek approval from the Securities and Exchange Commission to spin off a portion of GBTC's assets into a new, lower-fee Bitcoin Mini Trust. The company is yet ...
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Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
After several delays, the Securities and Exchange Commission has finally made a ruling on the conversion of Grayscale’s Bitcoin Trust that was initially filed in October of 2021, denying the ...
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