Plans at Grayscale to turn its Bitcoin trust into an ETF
US investment firm, Grayscale, launched in 2013 and responsible for a giant closed $ 38.8 billion Bitcoin trust, has an interest in converting the fund into a Bitcoin Exchange-Traded Fund.
It will mean that they would charge lower management fees and it would be easier to transfer money in and out, which was not the case before.
Recent successful Bitcoin ETFs in neighboring Canada have reignited enthusiasm for a Bitcoin ETF in the US.
https://grayscale.co/bitcoin-trust/
