The share price of Grayscale Bitcoin Trust (GBTC) reached a one-year high on Tuesday, fueled by renewed optimism surrounding the potential conversion of the trust into an exchange-traded fund (ETF).
The surge came in response to reports that asset manager Fidelity Investments is preparing to follow BlackRock’s lead in filing for a spot Bitcoin ETF….
Read More: Grayscale Bitcoin Trust Shares Hit Yearly High, Discount Shrinks to 30% as Wall Street Giants Enter Crypto