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The Times of India
The Times of India
Business
Bloomberg

The world’s biggest bitcoin fund posts best day in two years on court ruling

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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