The price gap between shares of Grayscale Bitcoin Trust (GBTC) and the trust's underlying Bitcoin holdings has narrowed to its lowest level in 22 months. On October 13, 2023, GBTC shares traded at a 15.87% discount to the trust's net asset value, according to data firm YCharts. This represents the ...
Grayscale has petitioned the U.S. Securities and Exchange Commission (SEC) to hasten its decision regarding the application to convert the Grayscale Bitcoin Trust (GBTC) to a traditional Bitcoin Exchange-Traded Fund (ETF). In a letter sent on September 5, 2023, to the SEC, Grayscale's legal team argued that there are no ...
Digital asset management firm Grayscale has achieved a significant legal victory over the United States Securities and Exchange Commission (SEC) in its pursuit to transform its Grayscale Bitcoin Trust (GBTC) into a publicly traded Bitcoin exchange-traded fund (ETF). The SEC had previously rejected Grayscale's application in June 2022, citing concerns ...
