Grayscale Investments said it is “100% committed” in converting its flagship Grayscale Bitcoin Trust (GBTC) into an ETF.
In a blog post, the world’s largest digital asset manager confirmed his intention to register with the US Securities and Exchange Commission (SEC) to offer an ETF. Grayscale gave that:
“The first and foremost thing that we want to make clear is that we are 100% committed to converting GBTC to ETF,” said Grayscale.
In 2013, Grayscale dispatched GBTC and spearheaded the model of furnishing investors with openness to digital assets as a security without the difficulties of purchasing, putting away, and supervision advanced resources.
With GBTC, Grayscale turned into the first company to dispatch a traded on an open market Bitcoin fund in the U.S. furthermore, the sole to change over a Bitcoin fundinto an SEC-reporting organization. These were every historic accomplishments and brought more transparency, straightforwardness, administrative lucidity, and announcing norms for the speculation local area. Truth be told, GBTC today stays one of just two crypto assets on the planet with the qualification of being a SEC-reporting organization. The other asset is the Grayscale® Ethereum Trust (Symbol: ETHE).