If approved, both institutional and retail investors in the U.S. would have a simple, legally compliant way of getting exposure to the price of Bitcoin without actually owning any.
“The ETF wrapper is tried and true and it has become the access point for so many different assets, whether they’re commodities or stocks,” said Sonnenshein.Up until this point, Sonnenshein’s Grayscale has been offering U.S. investors a roundabout way of gaining exposure to Bitcoin — by enabling investors to trade shares in trusts holding large pools of Bitcoin via its Grayscale Bitcoin Trust .
Today, our attorneys filed a letter with the DC Circuit highlighting the disparity between the SEC’s approval of a leveraged
Grayscale Bitcoin surged over 20% in the days following BlackRock’s spot Bitcoin ETF filing on June 15, hitting a year-high of $31,460 on July 6. It currently trades at $30,633.
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