Why Grayscale is '100% committed' to converting GBTC to an ETF

Quick Take 

  • Converting an existing traded security into an ETF is a novel approach, but Grayscale’s CEO says its track record will be an advantage with regulators and investors.
  • The firm says it will not file until it is satisfied that regulators are ready for such a product.
In an interview with The Block, Grayscale CEO Michael Sonnenshein explained why the firm is "100% committed" to converting GBTC into an ETF.

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