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blockchain eli5 ✌️【Job Network】✌️From ₹500 to exponential growth. Start investing now for high returns!The discount for Grayscale’s Bitcoin Fund (GBTC), the world’s largest bitcoin investment vehicle, reached the narrowest point since July 2021 on Friday on the optimism of bitcoin spot exchange-traded fund (ETF) getting approval in the U.S.Shares in GBTC narrowed to a two-year record of 8.6% discount to the trust’s net asset value (NAV) on Friday, the closest it has traded to NAV since July 2021, according to data fromYcharts.The fund has traded at a discount since February 2021 and hit record lows of nearly 50% in December last year.Bloomberg ETF analyst Eric Balchunas said in asocial media poston X (formerly Twitter) that the narrowing is likely prompted by Grayscale's "updated filings/SEC meeting reported Wed."Grayscale is currently awaiting a decision from the U.S.

blockchain eli5 ✌️【Job Network】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.Securities and Exchange Commission (SEC) over whether it can convert the closed-end fund into an ETF and hasreportedlyhad discussions with regulators this week over the detailing of the trust, generating optimism.On Wednesday, amemopublished by the SEC revealed that the asset manager met with the SEC to discuss details of the fund Grayscale wants to convert into an ETF.“The discussion concerned NYSE Arca, Inc.blockchain eli5 Blockchain Investments: Low Risk, High Rewards