The Importance of Having an ETF Rapper

Grayscale is suing the SEC to challenge a decision that they made to deny our GBTC fund from converting into an ETF. If we're successful in that challenge, there's actually billions of dollars of investor capital that would be unlocked through that. The crypto industry has been resilient. This is the third crypto winter I personally in grayscale has weathered through. We do see over time this continued kind of forming of a bubble. It kind of corrects bases and goes on to form kind of a new trend in the market.