Grayscale has updated the Grayscale Bitcoin Trust (GBTC) agreement for the first time since 2018.
The company's goal is to optimize the fund's structure to convert it into a spot Bitcoin ETF.
Today, the company has changed the method of charging management fees from monthly to daily.
Grayscale has also allowed the pooling of assets into a single account, which will allow for smoother creation and redemption of shares. This system is used in Coinbase Custody.
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