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Biggest Bitcoin fund in the world could become ETF by July as GBTC nears $40B AUM
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Grayscale could launch its Bitcoin (BTC) exchange-traded fund (ETF) as soon as July 2022, one of its executives has said.
Speaking at a virtual event organized by MarketWatch on Oct. 27, Grayscale global head of ETFs David LaValle gave a nine-month timeline for approval by United States regulators.
Grayscale, which runs the largest-volume Bitcoin investment product globally, the Grayscale Bitcoin Trust (GBTC), reiterated this month that it is “committed” to transforming it into an ETF.
According to LaValle, the timing for submitting the application to do so this week was ideal.
“We thought it was the perfect time to submit our filing,” he said.
ETF applications require a lengthy 240-day analysis period with the U.S. Securities and Exchange
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