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Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’

The changes involve the fee structure, and how assets can be custodied for smoother share creation and redemptions.

Grayscale Investments CEO Michael Sonnenshein
CEO Michael Sonnenshein's Grayscale Investments is potentially moving one step closer to converting its GBTC to an exchange traded fund. (Shutterstock/CoinDesk)