In the last 24 hours, the price of Bitcoin-#BTC has increased by an approximate 4% to the $37,000 level, thanks to expectations of turning the Grayscale fund into a #bitcoin spot-based ETF, which will bring significant institutional investments. Discussions are also now underway between the U.S. Securities and Exchange Commission and Grayscale about converting the GBTC fund to an ETF for Bitcoin spot contracts. There is optimism that there is a good chance of getting approval for the #etf by January 2024. $BTC