Grayscale Spot Bitcoin ETF Comes With a Catch
Grayscale’s bid to convert its Bitcoin trust into an ETF faces a July 6 deadline.
Photographer: Chris Ratcliffe/BloombergWelcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Katie Greifeld details a dilemma for the world’s biggest Bitcoin trust:
The deadline for US regulators to rule on Grayscale Investments LLC’s campaign to convert its Bitcoin trust into a spot ETF is just days away on July 6. No matter the outcome, Grayscale is going to lose.