Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein

The lack of a spot ETF leads to the growth of over-the-counter products like the Grayscale Bitcoin Trust, which are more expensive, illiquid and inefficient, the report said.

• 2023-07-03
• Grayscale Bitcoin Trust bitcoin ETF Grayscale SEC the SEC bitcoin ETF product

U.S. Has Room for a Compliant Crypto ETF to Grow Market Share as a Bitcoin On-Ramp: Bernstein

Grayscale earns around $380 million in annualized fees despite its GBTC product being inefficient, illiquid and trading at a discount, the report said.

• 2023-06-26
• GBTC bitcoin ETF Bernstein Grayscale Bitcoin Trust U.S. Securities and Exchange Commission bitcoin ETF product investment giant