GBTC - Grayscale Leads The Pack With Early Trading Launch Of First Spot Bitcoin ETF Outpacing Rivals | Benzinga
The Grayscale Bitcoin Trust (CRYPTO: GBTC), managed by Grayscale, is claiming bragging rights for being the first of the newly approved spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF).
What Happened: CoinDesk reported on Thursday that GBTC began pre-market trading at 4 am EST, as confirmed by Jennifer Rosenthal to the publication, the head of communications at Grayscale.
This development follows the historic approval by the Securities and Exchange Commission (SEC) of the applications for spot Bitcoin (BTC/USD) ETFs. The decision, announced on Wednesday, is poised to transform the crypto and conventional finance industries.
At the time of writing this article, GBTC was trading at $42.20, according to Benzinga Pro.