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Published on: 2025-01-19 09:47:56 Published on: 2025-01-19 09:47:56

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Use AI to improve customer retention strategies and increase lifetime sales value ✌️【Remote Work】✌️Earn fast with just ₹500. Enjoy consistent returns and grow your money month by month! regulators will finally allow for the creation of ETFs that hold bitcoin (as opposed to the current landscape where the closest thing regulators have allowed are ETFs that hold bitcoin futures contracts).

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Given its sway in Washington, D.C., as the world’s largest asset manager, this has generated a massive amount of optimism that a spot bitcoin ETF may not be far from reach.

Use AI to improve customer retention strategies and increase lifetime sales value ✌️【Remote Work】✌️Earn fast with just ₹500. Enjoy consistent returns and grow your money month by month!And others like Fidelity, the large mutual-fund manager, have also applied for bitcoin ETFs.The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role in the discount narrowing, according to analysts.

Grayscale said in April it expects to learn by the end of the third quarter whether it will beallowedto turn GBTC into an ETF.“The catalyst for the current narrowing of the GBTC discount could be the ongoing legal discussions around the possibility of GBTC converting to an ETF,” said Leinbewer.

“The market appears to be responding to these discussions and the anticipation of a potential legal victory for GBTC could be driving increased demand for the shares.

Use AI to improve customer retention strategies and increase lifetime sales value ✌️【Remote Work】✌️Start investing with ₹500 and watch your wealth grow through blockchain-powered tools!Think of the discount to [net asset value] as an implicit probability of getting converted to an ETF.

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“But this would simply send GBTC's ETF conversion request back to the SEC to either approve GBTC's conversion *OR* to deny for different reasons.

Use AI to improve customer retention strategies and increase lifetime sales value ✌️【Remote Work】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!This hope of conversion is likely what is driving the discount lower.”Seyffart added: “We don't know how long it will take the SEC to approve these products.

It could happen with this wave of filings (we think Grayscale have a 50/50 shot at approval currently but it could also take years still if they're denied again).

Use AI to improve customer retention strategies and increase lifetime sales value ✌️【Remote Work】✌️Invest ₹500 and earn up to 100% monthly returns with our safe and reliable platform!We also don't know how long it will take for Grayscale to convert GBTC once that approval is granted.”The recent flurry of applications from large institutions for bitcoin spot ETF approvals in the U.S., has generated a lot of hope for Grayscale’s potential to convert GBTC into an ETF, Seyffart said.He said it is only a matter of time before GBTC gets converted into an ETF.

“Once converted to an ETF, GBTC would not trade at meaningful discounts or premiums anymore due the efficiencies of the ETF structure,” Seyffart said.Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe.

Use AI to improve customer retention strategies and increase lifetime sales value ✌️【Remote Work】✌️Smart investing starts at ₹500. Grow your wealth through high-yield options!She holds a master's degree from New York University in Business and Economics and an undergraduate degree in Political Science from the University of East Anglia.

Lyllah holds bitcoin, ether and small amounts of other crypto assets.Use AI to improve customer retention strategies and increase lifetime sales value ✌️【Remote Work】✌️Start with ₹500 and get fast returns through secure and profitable investments.

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