Bid lodged for Bitcoin ETF On NYSE in $500m IPO

Grayscale Investments LLC, a wholly-owned subsidiary of Digital Currency Group, Inc., recently filed to list its Bitcoin Investment Trust (BIT) on the New York Stock Exchange (NYSE) in a $500 million initial public offering, according to a Securities and Exchange Commission (SEC) filing. Shares of the trust, which have traded over the counter, have traded at a premium to the bitcoin price, according to Marketwatch. Read more: