Today news
About the same in other media
Biggest Bitcoin fund in the world could become ETF by July as GBTC nears $40B AUM
Reading now: 1000
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
Read more on cointelegraph.comAbout this in other media
Will VanEck’s ETF rejection drag Bitcoin’s price below $60k ambcrypto.com /3 years ago
Traders look to ‘buy the dip’ after spot ETF rejection sends Bitcoin price to $62K cointelegraph.com /3 years ago
High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs ambcrypto.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
