Grayscale Investments Files with SEC to List GBTC Bitcoin ETF on NYSE

[kreslik.news]

In yet another sign that bitcoin providers are eager to turn the digital currency into a proper investment vehicle, Grayscale Investments, a unit of Barry Silbert’s Digital Currency Group, today filed with the Securities and Exchange Commission to list its Bitcoin Investment Trust as an exchange-traded fund in a $500 million initial public offering.

According to a filed paperwork, the new ETF product will retain its existing name and will list on the New York Stock Exchange under the ticker symbol GBTC, subject to regulatory approval.

The move comes on the heels of the SEC’s decision to push back the date to ... (read more)