quick take
BlackRock’s recent announcement of its intention to launch a spot exchange-traded fund (ETF) has sparked controversy among crypto enthusiasts.
Grayscale had previously expressed concerns about the GBTC ETF in March. The company’s attempt to create its own ETF fell through, leading to a pending decision by Washington, D.C. officials on Grayscale’s position with the Securities and Exchange Commission (SEC). According to K33 Research, the decision will be made between June and November.
In terms of performance, GBTC’s value has increased significantly year-to-date at 96%, with a discount rate to net asset value (NAV) steadily approaching 37%.
The article, “A Year of Greyscale Growth: GBTC Sees 96% Surge”, first appeared on CryptoSlate.
