Breaking: Grayscale To Convert GBTC Into A Spot BTC ETF
It has been just revealed that Grayscale is also taking the necessary steps in order for Bitcoin to see its spot BTC ETF eventually. Check out the latest reports about the matter below and learn all the juicy details abo...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It has been just revealed that Grayscale is also taking the necessary steps in order for Bitcoin to see its spot BTC ETF eventually. Check out the latest reports about the matter below and learn all the juicy details about the latest news.
Spot BTC ETF in the spotlight again!Here’s the relevant tweet that we just saw on social media:
BREAKING: Grayscale takes necessary step to convert GBTC into a spot #Bitcoin ETF with new SEC filing.
“Definitely a positive sign” – Bloomberg analyst pic.twitter.com/j2u5m7N94s
— Bitcoin Magazine (@BitcoinMagazine) October 19, 2023
Someone commented: “However, the final outcome depends on the SEC’s decision, which is being closely watched by the entire financial and crypto community. If approved, it could mark a significant milestone in cryptocurrency adoption and investment.”
Another follower posted the following message: “Grayscale’s move towards converting GBTC into a spot Bitcoin ETF, as indicated by the recent SEC filing, signals a significant development in the crypto space. This step highlights the growing acceptance and recognition of digital assets, increasing their accessibility to a wider investor base. Exciting times indeed!”
Mike Novogratz on BTC ETF approvalThe important billionaire Mike Novogratz had something important to say about BTC ETF, which will probably take BTC’s price to the moon if it were true.
Galaxy Digital CEO, Mike Novogratz, is optimistic about the approval of a Bitcoin (BTC) exchange-traded fund (ETF) and predicts that it will be introduced before 2024.
The U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, is feeling the heat as pressure mounts to approve a spot market BTC ETF this year.
Novogratz says that all indications point towards the approval of a BTC ETF in 2023, as the SEC’s stance on the creation of a spot Bitcoin ETF was deemed inconsistent in court.
He believes that Chair Gensler is under pressure “to do something rational” and approve the ETF.
Check out our previous article in order to learn more details.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Grayscale’s 0.15% Ethereum Mini Trust Fee Turns ETF Competition Into A Price Fight
The Ethereum ETF race is quickly becoming a fee fight. Grayscale’s disclosure of a 0.15% sponsor fee for its Ethereum Mini Trust p...
Kalshi’s court loss shows federal approval may still leave prediction markets fenced off by states
A New York federal court has returned prediction-market access to state hands just weeks before the CFTC closes comments on nation...
Kraken Pro fee tiers now reward what you hold, not just what you trade
TL;DR Starting today, July 9, 2026, Kraken Pro fee tiers are based on the best of three measures: your spot trading volume, your f...
JPMorgan’s $4.7T private blockchain warning just gave Bitcoin bulls fresh ammunition
JPMorgan sees Wall Street’s shift toward private blockchains as a deeper threat to Bitcoin than Strategy selling its BTC. JPMorgan...
Robinhood Chain: From Wall Street Roots to Onchain Memecoins – How to Bridge Safely
Robinhood, before its chain, made its name by bringing commission-free stock trading to everyday investors. Founded in 2013 by Vla...
A $293 billion fight over Satoshi’s Bitcoin just got a lot more complicated
A lawsuit seeking legal ownership of long-dormant Bitcoin addresses, including wallets tied by researchers to Bitcoin’s earliest m...