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RE: Grayscale Digital Asset Manager: "will be 100% committed to converting GBTC to ETF"

Thank you for taking your time to explain this. I've followed you so as to not miss your next updates.
I am certainly surprised to learn from your write-up that no Bitcoin ETF in the United States has been approved by the SEC so when you say there is to be a conversion to ETF..this means they would be the 1st ETF in the US..?
And this development is a good one right?

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