The BTC price has experienced volatility as Grayscale announces its plans to convert the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, leading to a rally in the markets. Grayscale joins other companies in seeking approval for the first US spot Bitcoin ETF from the SEC. At the time of writing, BTC/USD was at around $27,300. The GBTC share price increased by over 17% to $20.60. This article does not provide investment advice, and readers are advised to conduct their own research.
AI Sentiment: Positive
