GBTC - Bitcoin Spot ETF Looms Large But Early Believers With $1000 In GBTC BITW Are Reaping Massive Rewards | Benzinga
With a two-month timeline ahead, the Securities and Exchange Commission (SEC) is yet to make decisions on several applications to establish spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs).
What Happened: The potential for these applications to be approved is particularly noteworthy due to the stature of the applicants, which includes industry behemoths such as BlackRock, Fidelity, and Franklin Templeton.
Crypto fund investors have had a reason to celebrate, particularly those who purchased stakes in Grayscale Bitcoin Trust (OTC:GBTC) and Bitwise 10 Crypto Index Units Beneficial Interest (OTC:BITW) a year ago, have seen their investments soar by 200% to date.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In ...