"Grayscale's proposal to convert GBTC into a spot bitcoin ETF was rejected last year, and although Grayscale has been fighting the decision, there has been no final ruling," Rebecca Stevens, research analyst at The Block Research said last month, as theof GBTC began to spike following BlackRock’s filing.
GBTC has also pushed higher than bitcoin year-to-date, up 144.3% compared to bitcoin’s price gain of 83.7%,© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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