Grayscale preps for 'all possible ruling scenarios' on GBTC conversion by AislinnKeely
published today, Grayscale CEO Michael Sonnenshein said that while the firm is encouraged by the SEC's actions over the past eight months, it's preparing for"all possible post-ruling scenarios."
Indeed, Grayscale announced a deal today with Wall Street firms Jane Street and Virtu Financial to close the discount on GBTC when it's converted to an ETF. The deal will only take effect if the product gains approval.
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