Many crypto observers keenly awaited how GBTC’s discount would react to the news about BlackRock, the world’s largest ETF issuer and a mainstay in the traditional finance world, attempting to register a spot BTC ETF with the U.S. Securities and Exchange Commission (SEC). Multiple investment managers, including WisdomTree, VanEck, Ark Investment Management with 21Shares, have tried to register such a product over the past two years, but the U.S. Securities and Exchange Commission (SEC) has rejected all applications, so far.

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• Source: https://www.coindesk.com/markets/2023/06/16/gbtc-discount-narrows-after-blackrocks-filing-for-spot-bitcoin-etf/?utm_medium=referral&utm_source=rss&utm_campaign=headlines