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GBTC decrease in NAV signalling SEC approval of ETF?

finance.yahoo.com Grayscale Bitcoin Trust (BTC) (GBTC) Stock Price, News, Quote & History - Yahoo Finance

Find the latest Grayscale Bitcoin Trust (BTC) (GBTC) stock quote, history, news and other vital information to help you with your stock trading and investing.

Grayscale Bitcoin Trust (BTC) (GBTC) Stock Price, News, Quote & History - Yahoo Finance

Recent news seems to indicate that the two likely scenarios are approval of GBTC ETF conversion or revocation of BTC futures contract approval. Between these two, which seems more likely?

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