Grayscale Eyes Spot Bitcoin ETF Conversion
Grayscale Investments has officially filed to convert its flagship Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, a move that could significantly reshape institutional access to digital assets. Unlike futures-based ETFs, a spot ETF directly holds Bitcoin, offering investors transparent, regulated, and accurate exposure.
This conversion could attract pension funds, endowments, and retail investors seeking a simpler, cost-effective way to invest in Bitcoin. It may also prompt other crypto trusts to follow suit, further standardizing the market