The possible launch of Grayscale's Bitcoin ETF and BTC's decorrelation from traditional finance markets could push the asset to $100k by 2022's end, Back stated.
The possible launch of Grayscale’s Bitcoin ETF and BTC’s decorrelation from traditional finance markets could push the asset to $100k by 2022’s end, Back stated.
In his view, the price increase will be triggered if the US Securities of Exchange Commission approves Grayscale’s BTC ETF application. Earlier this month, the companyon its ambitions to convert its Bitcoin trust into an exchange-traded fund by appointing Donald B. Verrilli as additional legal counsel.
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