Crypto asset manager Grayscale has confirmed its intentions to convert its Bitcoin Trust into an exchange-traded fund, according to its April 5 filing with the U.S. Securities and Exchange Commission.
In recent months there’s been a growing number of questions around the possibility of a Bitcoin ETF in the US, and we’d like to take the opportunity to provide clarity and context on what such a development would mean at Grayscale and for Grayscale® Bitcoin Trust. First and foremost we wish to make clear: we are 100% committed to converting GBTC into an ETF.
The timing of this conversion will depend on the regulatory environment:
Today, we remain committed to converting GBTC into an ETF although the timing will be driven by the regulatory environment.
