GBTCConversion
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GBTC saw its lowest daily outflow since debuting at $182M đ”
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"Cathie Wood's Exit from GBTC Signals Confidence in Imminent Bitcoin ETF Approval"
Ark Invest has completely exited its GBTC position as the fund manager aims to position itself ahead of a potential Bitcoin ETF approval.
Read more on: https://thecryptobasic.com/2023/12/28/cathie-woods-ark-invest-completely-exits-gbtc-ahead-of-imminent-bitcoin-etf-approval/
#GBTCConversion #BitcoinETFApproval #Cryptocurrrency #CryptonewswithJack #CryptoNewsđđ°đ«
Read more on: https://thecryptobasic.com/2023/12/28/cathie-woods-ark-invest-completely-exits-gbtc-ahead-of-imminent-bitcoin-etf-approval/
#GBTCConversion #BitcoinETFApproval #Cryptocurrrency #CryptonewswithJack #CryptoNewsđđ°đ«
đđŒ Bloomberg analyst James Seyffart suggests that while the conversion of GBTC to a spot ETF may have taken time, the timing could differ from other Bitcoin spot ETFs. He indicates that even if GBTC is not an ETF on the first day when other Bitcoin spot ETFs are listed, there remains an open possibility that GBTC's ETF conversion and approval of other spot ETFs could coincide. đđ #BitcoinETF #GBTCConversion