The initiative of Grayscale: the strategy on ETFs focused on Bitcoin
The initial proposal by Grayscale aimed to convert its fund into an ETF, following a path already partially paved with a previous product. In fact, the SEC had already approved the conversion of another closed-end fund by Grayscale into an ETF. This ETF, of particular significance, boasts a composition in which about 80% of the reserves are entrusted to Bitcoin, followed by about 11% in Ethereum. Other criptovalute like Solana, Cardano, and XRP represent residual percentages.
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