Home Coinbase Effort to Reverse SEC Rejection of Bitcoin ETF Wins Broad Crypto, TradFi Help – CoinDesk

Effort to Reverse SEC Rejection of Bitcoin ETF Wins Broad Crypto, TradFi Help – CoinDesk

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Grayscale Investments (which, like CoinDesk, is owned by Digital Foreign money Group) already affords the $2 billion Grayscale Bitcoin Belief (GBTC) that trades on U.S. exchanges like a inventory. But it surely’s a belief, and current shares can’t be redeemed to assist steadiness provide and demand, serving to to elucidate why it has, since early final 12 months, traded at a reduction to the full worth of its bitcoin holdings.

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