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The Times of India
The Times of India
Business
Bloomberg

UNCOVERED: The world s biggest bitcoin fund posts best day in two years on court ruling - The Untold Story

Bitcoin Grayscale Bitcoin Trust United States Grayscale ETF

The $17.4 billion Grayscale Bitcoin Trust rallied the most since July 2021 after a US court ruling potentially paved the way for the vehicle to convert into an exchange-traded fund.

Shares in the world’s largest Bitcoin portfolio jumped 17% on Tuesday, narrowing their discount to the value of the fund’s underlying token holdings to about 18% compared with a December shortfall of nearly 50%.

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