Grayscale Wants To Convert GBTC Into A Bitcoin ETF

Grayscale Wants To Convert GBTC Into A Bitcoin ETF
фото показано с : zycrypto.com

2021-4-6 22:25

The world’s largest asset management firm Grayscale, revealed in a blog post today that it is planning to convert its $34 billion Bitcoin Trust Fund (GBTC) into an exchange-traded fund (ETF).

Grayscale is “100% Committed” To Converting Its GBTC To An ETF Pending Regulatory Approval

Grayscale filed for a bitcoin ETF back in 2016 but ended up withdrawing its application the following year owing to the unfavorable regulatory climate at the time. The digital asset manager then decided to launch its trust fund to cater to institutional investors.

Four years down the line and Grayscale is ready to renew its push for an SEC approval for a bitcoin ETF.

“We are 100% committed to converting GBTC into an ETF. The timing will be driven by the regulatory environment.”

The firm noted that the transition from a bitcoin fund to an ETF is the next logical step of its bitcoin offering’s evolution. Grayscale launched the Bitcoin Trust in 2013. Institutional investors send funds to Grayscale and the firm uses the money to purchase bitcoin. Grayscale then sells shares of the Trust in the stock market. This means that the Bitcoin Trust offers institutional investors exposure to the flagship cryptocurrency without them having to hold the asset.

Grayscale, however, warned that “investors should not assume that such products will ever obtain an approval due to a variety of factors, including primarily regulatory considerations.” But should the firm succeed in converting the GBTC to an ETF, the shareholders of the GBTC shares will not be required to do anything and the management fees will be reduced dramatically.

Is The Negative GBTC Premium The Reason For This Move?

The Grayscale Bitcoin Trust has been trading at a negative premium since February. This means that the fund is trading below the market price of bitcoin. For perspective, GBTC’s premium was above 30% just five months ago. Now, it has surprisingly plunged below -10% at the time of publication.

Observers are speculating that the current discount caused by stiff competition particularly from Canadian bitcoin ETFs and the Osprey Bitcoin Fund could have prompted Grayscale to come to this decision.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

grayscale etf bitcoin gbtc fund convert committed

Источник: zycrypto.com

grayscale etf → Результатов: 50


Отток биткойн-ETF GBTC от Grayscale достиг 7 миллиардов долларов

Управляющий криптоактивами Grayscale продолжает наблюдать замедление оттока средств из своего спотового биржевого фонда (ETF) в биткойнах (BTC). В сообщении на X от 19 февраля соучредитель ETF Institute, Нейт Джерачи, сообщил, что общий отток средств из GBTC Grayscale с момента его конвертации в спотовый биткойн-ETF достиг 7 миллиардов долларов.

2024-2-20 00:00


Grayscale запустила ETF на базе акций сфокусированных на биткоине компаний

Управляющая цифровыми активами Grayscale Investments запустила биржевой фонд (ETF) на базе акций компаний, которые добавили в продуктовую линейку биткоин и другие криптовалюты. Ready for something new? Meet $GFOF, the first ETF from Grayscale Investments.

2022-2-3 18:43


Дэвид ЛаВалль из State Street возглавит подразделение ETF в Grayscale Investments

Grayscale Investments объявила о назначении Дэвида ЛаВалля руководителем подразделения по преобразованию своих криптовалютных трастов в ETF.

2021-8-5 22:05


Grayscale Bitcoin Trust (GBTC) Is Fast Approaching World’s Largest Commodity ETF, GLD with $57B AUM

Grayscale reached the milestone of $50 billion AUM and CoinShares $5 billion, while the first-ever Bitcoin ETF of North America, BTCC, has amassed 17,500 BTC in just over two months. The post Grayscale Bitcoin Trust (GBTC) Is Fast Approaching World’s Largest Commodity ETF, GLD with B AUM first appeared on BitcoinExchangeGuide.

2021-4-15 15:21


Grayscale планирует преобразовать биткоин-траст в ETF

Управляющая активами компания Grayscale Investments намерена преобразовать биткоин-траст в торгуемый на бирже фонд (ETF) на базе первой криптовалюты. https://twitter. com/Grayscale/status/1379049665262465025 «Продукты Grayscale находятся на разной стадии жизненного цикла, но каждый из них в будущем будет преобразован в ETF», — говорится в сообщении.

2021-4-6 18:04


Фото:

Grayscale Investments готова преобразовать траст GBTC в ETF на биткоин

Управляющая криптовалютными фондами компания Grayscale Investments заявила о полной готовности преобразовать траст Grayscale Bitcoin Trust (GBTC) в биржевой торгуемый фонд (ETF) на биткоин после согласия SEC.

2021-4-5 16:54


Wilshire Phoenix подала заявку на запуск нового биткойн-траста

Компания по управлению активами Wilshire Phoenix, известная тем, что подавала заявку на запуск ETF на биткойн, направила в SEC регистрационную форму на создание нового биткойн-траста. Судя по всему, новый траст Wilshire Phoenix должен составить конкуренцию аналогичному продукту компании Grayscale Investments, который собрал более $3.

2020-6-15 19:04


FINRA approves Grayscale DLC; basket includes Bitcoin, Ethereum, XRP

Grayscale Investments got a green light from FINRA for a publicly-quoted security that derives its value from a basket of digital currencies, similar to ETF. The news was made official through a press release, which read, “Shares of Grayscale® Digital Large Cap Fund (DLC) have received approval from FINRA for public quotation under symbol: GDLCF […] The post FINRA approves Grayscale DLC; basket includes Bitcoin, Ethereum, XRP appeared first on AMBCrypto.

2019-10-15 21:30


дальше еще 1 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru