Grayscale Bitcoin Fund Discount Falls Ahead of Court Ruling (1)

Crypto investors appear to be the most optimistic in over a year about the odds of the world’s biggest Bitcoin investment product being allowed to be turned into an exchange-traded fund.

The $18.8 billion Grayscale Bitcoin Trust’s discount to its net-asset value has narrowed to around 25% as of Thursday, as a highly-anticipated court decision on Grayscale Investment’s bid to convert it into an ETF nears. The difference is the least since May 2022.

WATCH: Grayscale CEO Michael Sonnenshein is waiting on the SEC ruling.

Source: Bloomberg

“What we’ve been guided by our attorneys is that we should expect a decision by the fall at the latest,” Michael Sonnenshein, chief ...