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Grayscale confirms Bitcoin ETF plans and adds exposure to Zcash, Stellar Lumens, and Horizen to its trusts
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Institutional asset manager Grayscale has announced it will be converting its GBTC Trust into an exchange-traded fund once the U.S. Securities and Exchange Commission has “comfort” with recently approved Bitcoin futures ETFs.
In an Oct. 18 Twitter thread, Grayscale communications director Jennifer Rosenthal said the asset manager would proceed with offering an exchange-traded fund, or ETF, when “the SEC has formally expressed their requisite comfort with the underlying Bitcoin market.” The offering would convert the asset manager’s Grayscale Bitcoin Trust (GBTC), first listed in 2013, into an ETF.
“Once there’s official and verifiable evidence of the SEC’s comfort with the underlying Bitcoin market — likely in the form of a Bitcoin Futures
Read more on cointelegraph.comAbout this in other media
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