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Overwhelming support for Grayscale BTC Trust ETF conversion proposal -Breaking

by Mike Robinson

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© Reuters.

The U.S. Securities and Exchange Commission has allowed comments and feedback on a proposed rule change that would convert Grayscale’s Trust to a spot-based exchange-traded fund (ETF).

The notice to file a proposal for a rule change in order to trade Grayscale Bitcoin Trust shares as a spot-based ETF was received with many comments, and was approved by a majority of those who commented.

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