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Grayscale’s GBTC Spot Bitcoin (GBTC) ETF Conversion in Question After New York Suit

By: ZippyB

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“I am neither an attorney nor legal expert, but I don’t think there’s any scenario in which Grayscale will sell their bitcoin and dissolve their trusts, regardless of this lawsuit,” said Weisberger. “Even if DCG is forced to sell the trust, it would just come under operational management by a different entity. As a result, this case seems unrelated to the likelihood of the Greyscale trust conversion to an ETFs being approved.”



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