BNY Mellon to Provide Grayscale With ETF Services After ‘Anticipated’ GBTC Conversion
The world’s largest custodian bank will begin handling accounting and administration services for the Grayscale Bitcoin Trust in October.
VanEck unsuccessfully tried to list a similar fund in 2017.
The filing joins more than a dozen crypto ETF applications sitting before the SEC.
Bloomberg Intelligence’s James Seyffart thinks a bitcoin futures ETF could get approved as soon as October.
The fund manager filed a proposal with the SEC to list the Global X Bitcoin Trust on the Cboe BZX Exchange.
The SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months.