OTC:GBTC   Grayscale Bitcoin Trust (BTC)
GBTC announced that it will change its current trust structure into an ETF (as soon as gvmt approval is granted) that will carry far lower mgmt fees than currently. GBTC has been trading at an 8-12% discount to NAV and this gap will close significantly to prevent an arbitrage between the price of the Grayscale BTC ETF and the spot price of BTC .


what will you do with your GBTC shares? aside lower fees, will becoming an ETF be a profitable effect on current investors? thx! :)