Grayscale Investments has reportedly confirmed its plan to convert its flagship product, Grayscale Bitcoin Trust (GBTC), into a Bitcoin exchange-traded fund (ETF). Adding further, an official from Grayscale stated that, “The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF.” Presently, the firm’s total assets under management (AUM) are $53.5 billion, with GBTC holding about $39.77 billion.