GBTC - Spot Bitcoin ETF Race Fuels Rally For Grayscale And BlackRock Stocks — Who's Winning? | Benzinga
Several firms are vying for the approval of their proposed spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs), hoping to capture a significant market share.
What Happened: Switzerland’s Pando Asset AG on Wednesday emerged as the 13th contender by submitting a filing to the Securities and Exchange Commission (SEC) for the Pando Asset Spot Bitcoin Trust.
Among the total 13 applications, two major players, Grayscale Bitcoin Trust (OTC:GBTC) and Blackrock Inc. (NYSE:BLK), have revised their filings just to secure a BTC ETF spot.
Analysts predict that the SEC is on the cusp of approving several spot Bitcoin ETFs. The first to cross the finish line could enjoy a significant first-mover advantage, attracting a large base of retail ...