• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Grayscale committed to turning GBTC fund into Bitcoin ETF

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

According to Grayscale’s CEO, Bitcoin is only “a few points of maturity” quick of a US accepted ETF.

Grayscale committed to turning GBTC fund into Bitcoin ETF

Grayscale CEO Michael Sonnenshein believes there are only a number of “bottom lines” that their very first Bitcoin ETF will be accepted by the US. In an interview with CNBC, Sonnenshein also reiterated that the Bitcoin ETF in the US is not a query of “if” but “when”.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

To date, the United States Securities and Exchange Commission (SEC) has obtained additional than 13 ETF applications. All are underneath assessment. Currently, the US is lagging behind its neighbor, Canada, when it gave the green light to its very first Bitcoin ETF in February 2021.

After lots of many years, lots of applications have been submitted and there have been lots of reviews of rejections or postponements to look at. This prospects some to think that ETFs will sooner or later place downward stress on BTC in excess of the extended phrase.

However, Mr. Sonnenshein, CEO of Grayscale, is a hundred% committed that the business will convert the Grayscale Bitcoin Trust (GBTC) merchandise into an ETF when situations are suitable.

“I think in our position, from our world perspective, we are really looking for a couple of different maturations in the underlying market, and this is really the end of the year. investors the protection they are looking for. ”- CEO Grayscale shared with the media.

Last week, on July 13, Grayscale announced a partnership with BNY Mellon, America’s oldest financial institution. As a outcome, BNY Mellon will develop into a wealth companies supplier for GBTC. In current instances, Grayscale has been the center of interest as effectively as turning into the most talked about subject in the globe of cryptocurrencies.

The motive is mainly because this business just received the greatest GBTC unlock in background on July 18th with an equivalent worth of in excess of sixteen,000 BTC. Then, the upcoming day, on July 19, Grayscale announced its system to launch a DeFi investment fund.

In addition to the information surrounding Grayscale, the regulatory physique also has lots of beneficial measures for Bitcoin in current instances. Specifically, on July sixteen, Bank Of America, the 2nd greatest financial institution in the United States, announced that it would accept Bitcoin futures trading.

Synthetic currency 68

Maybe you are interested:

Join the chat group Coinlive Chats Now let us examine the scorching subjects of the DeFi market place with the Coinlive administrators !!!

.

Tags: BitcoinBitcoin News BitcoincommittedETFfundGBTCGrayscaleturning
Share76Tweet48

Related Posts

ECB Cuts Interest Rates; Bitcoin Prices Surge

by shark
June 6, 2025
0

The European Central Bank's decision to reduce interest rates to 2% on June 5, 2025, positively impacts cryptocurrency markets, causing...

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Qubetics Gains Traction as HYPE and Tron Respond to Market Shifts: The Next Best Crypto to Buy in 2025
  • ECB Cuts Interest Rates; Bitcoin Prices Surge
  • BlockDAG Hits $287M, AVAX Eyes $300 & BCH Climbs,
  • HYPE Holds Support, PEPE Sentiment Surges; Unstaked Eyes $1 Milestone!
  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7