Grayscale Expects SEC Green Light for Bitcoin ETF Transition

Bitcoin Prices in Focus as Grayscale Eyes ETF Transformation

Grayscale anticipates SEC approval for converting GBTC to a spot Bitcoin ETF, emphasising the imminent regulatory nod for a US Bitcoin ETF. 

If approved, GBTC's transition will eliminate its 8.09% discount, unlocking around $1.89 billion in value for investors. This move, coupled with the shift from OTCQX to NYSE Arca, could significantly impact BTC prices.