EXCLUSIVE: Grayscale's Dave LaValle Counts ETFs Among The 'Greatest Financial Innovations Of Our Generation'
Portfolio Pulse from Justin Roberti
Grayscale Investments, a U.S.-based digital currency asset management company, is closer to launching a Bitcoin ETF based on the Grayscale Bitcoin Trust (GBTC) following the SEC's decision not to pursue any further objections. The GBTC holds about 3% of all the Bitcoin available, worth over $18 billion. Grayscale is also applying for a similar spot Ethereum ETF based on the Grayscale Ethereum Trust (ETHE), which holds under $5 billion in Ethereum. Dave LaValle, the Global Head of ETFs for Grayscale, believes that combining the innovations of an ETF wrapper with a solid digital currency like Bitcoin will lead to investing efficiencies, saving money for investors and offering greater transparency and tax benefits.
October 18, 2023 | 9:54 pm
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POSITIVE IMPACT
Grayscale is applying for a similar spot Ethereum ETF based on the Grayscale Ethereum Trust (ETHE). This could lead to investing efficiencies, saving money for investors and offering greater transparency and tax benefits.
Grayscale's application for a spot Ethereum ETF based on the Grayscale Ethereum Trust (ETHE) is a positive development for ETHE. This could lead to increased demand for the trust's shares and potentially drive up its price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Grayscale Bitcoin Trust (GBTC) is closer to launching a Bitcoin ETF following the SEC's decision. This could lead to investing efficiencies, saving money for investors and offering greater transparency and tax benefits.
The SEC's decision not to pursue any further objections to Grayscale's Bitcoin ETF application is a positive development for GBTC. This could lead to increased demand for the trust's shares and potentially drive up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100