Grayscale’s GBTC Discount Continues to Narrow as Investors Await ETF Conversion Decision

The narrowing comes as Grayscale awaits a decision from the U.S. Securities and Commission Exchange on whether it can convert the fund into an ETF. On Friday, the SEC failed to appeal its August court loss over Grayscale’s application to convert GBTC into a spot ETF, igniting some hope among investors that the SEC might approve the application.