2min chapter

Coin Stories with Natalie Brunell cover image

James Seyffart: Will a Bitcoin Spot ETF Be Approved and Send Bitcoin's Price Skyrocketing?

Coin Stories with Natalie Brunell

CHAPTER

The Benefits of GBTC as an ETF

GBTC wants to become an ETF. It's structured as what's called a grantor trust. And in that trust, theoretically, you'll have cold wallets that Coinbase for BlackRock and I shares this application. Gemini is also used as a custodian. They'll hold store stuff and cold storage.

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