Should the GBTC be converted into an ETF?

The ultimate solution should come in the form of Grayscale, converting the GBTC into an ETF that would trade at NAV. I suspect this is the most likely outcome with reports Grayscale has hired industry experts to study the issue.

Will NYSE Arca convert GBTC into a spot-based bitcoin ETF?

In October 2021, we announced that NYSE Arca filed Form 19b-4 with the Securities and Exchange Commission (SEC) to convert our flagship product, Grayscale® Bitcoin Trust (symbol: GBTC), into a spot-based Bitcoin ETF.

Will grayscale convert GBTC to a spot bitcoin ETF?

At Grayscale, we have not and will not waver in our commitment to converting GBTC to a spot Bitcoin ETF. The decision to pursue litigation is not one we take lightly, but we are confident in our legal team, as well as our compelling, common-sense legal arguments.

What is the purpose bitcoin ETF (CBTC)?

“CBTC is a fund-of-funds and invests directly in the $1.7 billion world first spot Bitcoin ETF, the Purpose Bitcoin ETF,” he said.