A Year of Growth for Grayscale: GBTC sees 96% surge The recent announcement of BlackRock’s intention to launch a spot Exchange-Traded Fund (ETF) has stirred up debate among cryptocurrency enthusiasts.
Previously in March, Grayscale had expressed apprehension regarding the transformation of GBTC into an ETF. The firm’s attempt to establish its own ETF was unsuccessful, leading to a pending decision by Washington D.C. officials regarding Grayscale’s standing with the Securities and Exchange Commission (SEC). According to K33 Research, this decision is expected between June and November.
In terms of performance, GBTC has seen a substantial increase of 96% in value since the beginning of the year, with the discount to its Net Asset Value (NAV) steadily closing in at 37%.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
