GBTC

GBTC
Photo by Harrison Kugler / Unsplash

A little bit about why GBTC is important

Grayscale Bitcoin Trust controls over 635k BTC. That's about 4.5 times more than MicroStrategy has.

Simply put, they dominate potential ETF products holding spot BTC by a wide margin.

Bernstein also believe that Grayscale's victory over the SEC clears the way for spot bitcoin ETFs.