Last year Grayscale applied to the U.S. Securities and Exchange Commission (SEC) to convert GBTC into a spot exchange-traded fund. Many analysts are skeptical the SEC will approve the conversion anytime soon, though some traders have bought GBTC as a way of betting on the prospect of the SEC’s nod; in that sense, a wider discount signals dimming optimism for such an approval.
Jack Dorsey’s Block Completes Bitcoin Mining Chip, Will Build Full Mining System
Although chip efficiency has rapidly improved in recent years as demand for bitcoin has picked up, the latest halving event...