GBTC to become an ETF

٥ أبريل ٢٠٢١

GBTC announced that it will change its current trust structure into an ETF (as soon as gvmt approval is granted) that will carry far lower mgmt fees than currently. GBTC has been trading at an 8-12% discount to NAV and this gap will close significantly to prevent an arbitrage between the price of the Grayscale BTC ETF and the spot price of BTC.