Grayscale BTC Trust, considered the granddaddy of cryptocurrency funds, might well have finally achieved a long-held goal. To some extent, it was rebranded as an ETF. Converting its investment into a Bitcoin spot exchange-traded fund was formally applied for on 19th October by the United States SEC.
Grayscale’s trusts are among the few methods American investors can purchase BTC on the stock market because there isn’t any Bitcoin ETF in the country. For a variety of reasons, investors consider stock markets to cryptocurrency exchanges. For starters, it allows BTC investments to be made in tax-advantaged accounts like pensions.