The American Crystock Asset Management Company GrayScale Investments has pushed the Bitcoin product new ETF transformers in the United States. According to the registration statement of the Securities and Exchange Committee (SEC), the new product will be traded on the New York Stock Exchange. It defines a new path for Grayscale as one of the main promoters of alternative ETF products.
Gray -gradient investment funds for Bitcoin transformers: Strategic step
GrayScale Bitcoin Convert ETF is new and will seek to track the shares of companies in publicly using the Bitcoin wardrobe strategy. If this is approved, the ETF file will keep these companies likely. The European Training Corporation will represent an indirect offer to bitcoin through the shares of these companies.
According to the deposit, the fund will retain at least 80 % of its constituent shares. She emphasized that she may also invest in alternative securities that provide similar exposure to the basic components.
GrayScale Bitcoin Adaptors ETF will significantly invest in American and non -American companies that are exposed to BTC. The registration indicated that the company must trade in the advanced securities market to be eligible. It also set a standard standard for the market value of $ 100 million for the company, with an average daily sales for a period of six months of at least one million dollars.
Here are the details of the strategy. A trading investment fund for stocks will carry shares of companies that keep bitcoin as part of the treasury of its companies. pic.twitter.com/KVGUW5BVIP
James Sevart (@jseyff) January 24, 2025
Grayscale emphasized that all the securities that will be included must be free float. This must include at least 10% of their existing shares.
This circulating investment fund is from GrayScale Investments one of the few funds you provided today. According to Coingepe, Grayscale also applied to include A. The Investment Fund is circulating Letteoin With the US Securities and Stock Exchange. The asset manager is one of the main pioneers in the ecosystem of the digital currency.
Favorite companies to create the GrayScale ETF menu
The most famous company for public trading, which is exposed to bitcoin, is the business intelligence company. This company I got 11,000 bitcoin Recently, it now has more than 2% of the total supply of bitcoin, and it generally borrows the capital to finance its purchases.
Earlier, Microstrategy announced a $ 1.05 billion recovery of Bitcoin for its convertible bonds due in 2027. This confirms its Bitcoin’s active strategy, which complements the conditions set by Grayscale for the ETF converter box.
Other companies qualifying for the European Training Corporation include RIOT, Mara Holdings, Metaplanet, and Kulr Technologies. Over the past few months, these companies have intensified Bitcoin’s acquisition strategies while taking advantage of the stock price.
All attention to the US Securities and Stock Exchange
The US Securities and Stock Exchange has received many requests to change the rules related to the investment funds circulating in the past few weeks. Black Rock applied for a request In -kind recovers for IBIT – Ishaares Bitcoin Trust, a step that many believe has been due for a long time.
In addition to the inch -related investment funds associated with bitcoin, other cryptocurrencies, including XRP, Dogecoin and Solana, also got similar records. This expectation depends on the positive shift in the US Securities and Stock Exchange under the Donald Trump administration.
With all eyes on Mark Oida and perhaps Paul Atkins, it remains to see how the market organizer will take care of these deposits.
Godfrey Benjamin
Benjamin Jodfrey is a Blockchain lover and journalists who enjoy writing about the real life applications of Blockchain technology and innovations to pay general acceptance and global integration of emerging technology. His desire to educate people about cryptocurrencies inspire his contributions to the media and the famous Blockchain technology. Benjamin Jodfrey is a lover of sports and agriculture. Follow it X,, Yandin
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