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SOP sopay in India ✌️【Resume】✌️Start with ₹500 and let our expert-managed funds drive your profits up to 100% monthly! regulators will finally allow for the creation of ETFs that hold bitcoin (as opposed to the current landscape where the closest thing regulators have allowed are ETFs that hold bitcoin futures contracts).

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Given its sway in Washington, D.C., as the world’s largest asset manager, this has generated a massive amount of optimism that a spot bitcoin ETF may not be far from reach.

SOP sopay in India ✌️【Resume】✌️Start with ₹500 and let our expert-managed funds drive your profits up to 100% monthly!And others like Fidelity, the large mutual-fund manager, have also applied for bitcoin ETFs.The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role in the discount narrowing, according to analysts.

Grayscale said in April it expects to learn by the end of the third quarter whether it will beallowedto turn GBTC into an ETF.“The catalyst for the current narrowing of the GBTC discount could be the ongoing legal discussions around the possibility of GBTC converting to an ETF,” said Leinbewer.

“The market appears to be responding to these discussions and the anticipation of a potential legal victory for GBTC could be driving increased demand for the shares.

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SOP sopay in India ✌️【Resume】✌️Start today with ₹500 and start seeing rapid monthly profits. Your wealth journey begins here!The lower the discount, the higher the probability the market prices in.”Referring to Grayscale’slawsuit against the SEC, James Seyffart, an ETF analyst at Bloomberg Intelligence, said that he expects the decision to likely be favorable for Grayscale.

“But this would simply send GBTC's ETF conversion request back to the SEC to either approve GBTC's conversion *OR* to deny for different reasons.

SOP sopay in India ✌️【Resume】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!This hope of conversion is likely what is driving the discount lower.”Seyffart added: “We don't know how long it will take the SEC to approve these products.

It could happen with this wave of filings (we think Grayscale have a 50/50 shot at approval currently but it could also take years still if they're denied again).

SOP sopay in India ✌️【Resume】✌️Your smart investment starts at ₹500. Unlock high returns with minimum risk!We also don't know how long it will take for Grayscale to convert GBTC once that approval is granted.”The recent flurry of applications from large institutions for bitcoin spot ETF approvals in the U.S., has generated a lot of hope for Grayscale’s potential to convert GBTC into an ETF, Seyffart said.He said it is only a matter of time before GBTC gets converted into an ETF.

“Once converted to an ETF, GBTC would not trade at meaningful discounts or premiums anymore due the efficiencies of the ETF structure,” Seyffart said.Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe.

SOP sopay in India ✌️【Resume】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.She holds a master's degree from New York University in Business and Economics and an undergraduate degree in Political Science from the University of East Anglia.

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