Notes
Have to imagine this means the @BitwiseInvest's $BITW isn't too far behind with an identical outcome? Closed at a 4.2% discount yesterday
Looks like the 'Crenshaw theory' on the stay orders stopping @Grayscale's $GDLC and @Bitwise's $BITW from converting into ETFs wasn't a crazy theory after all
Update on the situation for @Grayscale’s $GDLC and @BitwiseInvest’s $BITW. At very least we should have a clearer idea of what’s going on before the end of the month.
We have approval of the @BitwiseInvest 10 Index fund -- $BITW -- but just like @Grayscale's $GDLC earlier this month, Bitwise has been stayed by either one or multiple commissioners. Meaning they cannot actually convert it into an ETF ... *yet*
We have approval of the @BitwiseInvest 10 Index fund -- $BITW -- but just like @Grayscale's $GDLC earlier this month, Bitwise has been stayed by either one or multiple commissioners. Meaning they cannot actually convert it into an ETF ... *yet*
@Grayscale Approval was our expectation. The fund is over 90% Bitcoin and Ethereum. The next big date is @Bitwise's $BITW deadline of July 31. But SEC could obviously go early...
We wrote about this and more here for Bloomberg terminal clients:
