The financial world has been keenly following regulatory developments in the United States with Bitcoin exchange-traded funds (ETFs). The Securities and Exchange Commission (SEC) recently faced a critical decision regarding the conversion of the Grayscale Bitcoin Trust into a spot Bitcoin ETF. The decision to approve this conversion might have far-reaching consequences for the Bitcoin sector and investors. The Grayscale Bitcoin Trust (GBTC) has long been a popular investment instrument for people seeking Bitcoin exposure outside of traditional financial markets. However, because it is a closed-end fund, it does not ... (full story)