Grayscale Plans to Turn its Bitcoin Trust to an ETF

The US investment firm, Grayscale, launched in 2013, responsible for a mammoth $38.8 billion closed-end Bitcoin trust, has interest in converting the fund into a Bitcoin Exchange-Traded Fund.

It’ll mean they would charge lower management fees and it would be easier to move money in and out which wasn’t so before now.

The recent successful Bitcoin ETFs in neighboring Canada have rekindled the excitement for a Bitcoin ETF in the US.

Author: CryptoBoss

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