To investors, The Grayscale Bitcoin Trust (GBTC) is the single largest bitcoin fund in the world. With more than $19.25 billion in AUM, they hold over 640,000 bitcoin inside the fund. The fund’s AUM was over $40 billion before bitcoin’s recent 2022 price drawdown.
I still don't understand what will happen if they reject it? Will Grayscale just reapply and get put back in the queue??? I know Grayscale has said they might sue the SEC if it gets rejected, but what the hell is that gonna do?
I still don't understand what will happen if they reject it? Will Grayscale just reapply and get put back in the queue??? I know Grayscale has said they might sue the SEC if it gets rejected, but what the hell is that gonna do?