Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF
Grayscale looks to be seeking to restructure its Bitcoin Trust into a physically-backed fund after the SEC approved a Bitcoin futures ETF.
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Grayscale looks to be seeking to restructure its Bitcoin Trust into a physically-backed fund after the SEC approved a Bitcoin futures ETF.
Holding above $60,000 on Sunday should all but guarantee a record weekly close, data shows.
According to crypto analyst and trader Alessio Rastani, Bitcoin will finalize its upward trajectory toward $100,000 in the next few months.
GFSC-approved Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument with custody supported by Fidelity Digital Assets.
Suspicions arise over U.S. regulators' acceptance of physical Bitcoin ETF products later this year, amid reports than investors are voting with their feet.
Bloomberg analyst James Seyffart reported the crypto futures ETF would be listed with the ticker symbol BITO possibly as early as Oct. 18.
Everyone is cheering for the BTC ETF, but options markets data shows that the implied probability for Bitcoin trading above $70,000 on Oct. 29 is just 25%.
Bitcoin price spikes above $61,800 as the promise of a BTC ETF approval reignites the discussion on whether the top-ranked cryptocurrency will hit $100,000 by the end of the year.
Nasdaq’s vice president of listing qualifications, Eun Ah Choi, said shares of Valkyrie's Bitcoin ETF had been certified for listing on the exchange.
Bitcoin has recaptured the $60k position after a six month period of ups and downs.