Grayscale, managing over $30 billion in digital assets is set to transfer fund account and administration functions for their flagship Bitcoin Trust to BNY Mellon in October. This is still in line with Grayscale's purpose of converting GBTC into a bitcoin ETF and BNY Mellon is dedicated to providing and servicing the growing digital currency asset class. Grayscale also hopes on getting bitcoin ETF approval from US regulators.
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