Grayscale Remains ‘Unequivocally Committed’ to Converting GBTC to an ETF
With the Securities and Exchange Commission’s final deadline to decide on whether to approve Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) to an exchange-traded fund (ETF) looming on July 6, CEO Michael Sonnenshein wrote in a letter to investors Monday that his company is “unequivocally committed” to getting the trust converted (Grayscale’s parent company is the Digital Currency Group, which also owns CoinDesk as an independent subsidiary.)
