The recent announcement of BlackRock’s intention to launch a cash Exchange-Traded Fund (ETF) has sparked debate among cryptocurrency enthusiasts.
Earlier, in March, Grayscale expressed misgivings about GBTC’s transformation into an ETF. The company’s attempt to create its own ETF failed, leading to a pending decision by Washington DC officials regarding Grayscale’s position with the Securities and Exchange Commission (SEC). According to K33 Research, this decision is expected between June and November.
In terms of performance, GBTC has seen a substantial 96% increase in value since the start of the year, with the discount to its net asset value (NAV) steadily approaching 37%.
The post A Year of Growth for Greyscale: GBTC Sees 96% Increase appeared first on CryptoSlate.