Grayscale forbereder sig på Bitcoin ETF-løbet trods regulatorisk usikkerhed

Et af de mest ventede begivenheder, der involverer Bitcoin i USA, er godkendelsen af en Exchange-Traded Fund (ETF) baseret på den digitale aktiv. En grønt lys på et sådant produkt ville virkelig gøre Bitcoin tilgængelig for masserne. Selvom en ETF på ingen måde er nødvendig for at Bitcoin kan trives, er det bredt antaget, at en sådan ville fremskynde dens allerede imponerende vækst.

While various companies prepare for this eventuality in the U.S., other countries such as Brazil continue to approve ETFs based on digital assets.

Grayscale + BNY Mellon

In late June, we touched on Bitcoin ETFs within the U.S., and a par nye ansøgninger for such a product.  Despite the state of limbo in which these applications find themselves, companies such as Grayscale investments continue to prepare for an ETF.  This was just made evident as the company announced a strategic partnership with BNY Mellon – the world’s largest custodian of financial assets.  This partnership, which is said to give Grayscale ‘forbedret skalerbarhed, robusthed og automatisering’ will see BNY Mellon take on various roles.

• Fondregnskab
• Administration
• Transferagentur-tjenester
• ETF-tjenester

Grayscale specifically notes that this move was taken in anticipation of the eventual conversion of its Bitcoin Trust in to an ETF.

Grayscale Investments CEO, Michael Sonnenshein, commented on this partnership,

“At engagere BNY Mellon er en vigtig milepæl som en del af vores forpligtelse til at konvertere Grayscale Bitcoin Trust til en ETF…BNY Mellon har et langvarigt ry som en betroet leverandør og har etableret et af de første teams dedikeret til at betjene den voksende digitale valuta-klasse. Vi er glade for, at BNY Mellon vil slutte sig til en gruppe af Grayscale’s førsteklasses serviceudbydere, hvilket hjælper os med at levere en problemfri, brancheførende investeringsoplevelse.”

The Grayscale Bitcoin Trust (GBTC) is already a wildly popular investment product, with over $20 billion in assets at time of writing.  Despite moves such as these, there has been no indication that the SEC will change its tune on a Bitcoin ETF any time soon.

Brazil

Moving south of the United States, the situation surrounding ETF’s based on digital assets is much clearer.  Months-ago Brazil became one of the first nations to godkende a Bitcoin based ETF.  Since that time, multiple others have been approved, with the most recent example built on another top digital asset – Ethereum.

This move, which was made possible through custodial services on offer by Gemini, is being spearheaded by QR Capital.  It will see its upcoming fund listed on B3 stock exchange.

QR Capital bemærker that by offering this Ethereum based ETF, investors can ‘opnå direkte eksponering mod Ethereum’ in a simple and safe manner ‘without worrying about registrations in exchanges, wallets, or private keys’.