333-275079January 12, 2024Grayscale Faces New Risk-Management Challenge With Bitcoin ETF ApprovalThe crypto asset manager launched a spot bitcoin ETF following SEC voteBy Mark Maurer Jan. 12, 2024 6:00 am ETGrayscale Investments launched the Grayscale Bitcoin Trust ETF on Thursday. Stamford, Conn.-based Grayscale was one of several firms that launched a spot bitcoin ETF on Thursday after the SEC approval of the vehicles the previous day. TheGrayscale Bitcoin Trust $2.3 billion in trading volumeGrayscale was thrust into the center of the debate over bitcoin ETFs when a court in August ruled the SEC shouldn’t have rejected its application to make the conversion. Those relationships will now move from awareness or touch points we’ve had with them in other capacities to now being service providers for the Grayscale Bitcoin Trust. What it does to the Grayscale Investments operating company is still yet to be determined, but we’re prepared for any outcome.

Source: Wall Street Journal January 16, 2024 17:10 UTC