Follow Grayscale news, including ETF conversions, fund flows, legal wins, product strategy, and institutional crypto investment trends.
Grayscale intends to turn its GBTC fund into a highly-anticipated spot Bitcoin ETF, pending approval by the SEC.
Mike Dalton 2 min read 
The investment firm dumped more than 700,000 units of the shares within the past month, earning over $10 million.
Grayscale's revised ETF prospectus reflects SEC feedback, potentially edging closer to approval.
Grayscale CEO Michael Sonnenshein said there was no timeline for approval but that the firm and the SEC were in conversation.
The value of Grayscale's Chainlink Trust (GLNK) is three times higher than the underlying asset it holds.
The complex web of interactions between Gemini, Genesis, and its parent firm, Digital Currency Group has spawned yet another in a series of high-profile lawsuits.
GBTC, the subject of the ruling, gained nearly 6% over 24 hours.
The SEC had failed to contest a court ruling that directed it to review Grayscale's application for a spot Bitcoin ETF.
Diving deep into the world of GBTC, its premium and discount on Bitcoin's NAV, and the effect it has on the crypto market.
