Grayscale (whose guardian firm Digital Foreign money Group additionally owns CoinDesk) has utilized to transform the GBTC into an exchange-traded fund, or ETF. And for months, some merchants have been monitoring the low cost as a proxy for the probability of profitable approval. In keeping with the market logic, the GBTC would commerce at par with the underlying bitcoin within the fund if the conversion goes ahead; in different phrases, the low cost would evaporate.
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure $BTC is the world’s largest crypto, commanding...
BtcTurk, a Turkish cryptocurrency exchange, has paused cryptocurrency withdrawals after detecting suspicious transactions in its hot wallets. The exchange said...
The firm is fresh off a massively successful initial public offering in June and is riding the coattails of a...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to Thumzup Media’s filing and press...
