May. 06, 2022
The GBTC OTBC should become an ETF as soon as possible to provide the Bitcoin market the proper balance between an ETF product and a Futures product WHAT CONVERSION COULD MEAN FOR GBTC The ETF would more effectively track the price of Bitcoin, effectively eliminating discounts and premiums If GBTC shares are trading at a discount to NAV, all else being equal, they will increase in value upon conversion If GBTC shares are trading at a premium to NAV, all else being equal, they will decrease in value upon conversion Grayscale has committed to reducing management fees for GBTC GBTC would be up listed from OTCQX to the NYSE Arca -- Brian Berrios