Cryptocurrencies

Grayscale CEO Sees ETF as Solution to Biggest Crypto Fund’s Woes

ETF arbitrage mechanism would fix GBTC discount: Sonnenshein
Digital Currency Group will buy up to $750 million GBTC shares

WATCH: Grayscale Investments CEO Michael Sonnenshein discusses Bitcoin's drop after Tesla suspended purchases using the cryptocurrency.Source: Bloomberg)

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By Katie Greifeld

May 13, 2021 at 4:18 PM UTC

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Converting to an ETF would solve a lot of the Grayscale Bitcoin Trust’s problems, according to the company’s chief executive officer -- but the odds are looking longer.