Its all part of a plan from Grayscale Investments (that run the world’s biggest cryptocurrency trust).
- Grayscale has bought a stake in small ETF provider ClearShares
- simultaneously announced the step of changing the ticker symbol for ClearShares $32m Piton Intermediate Fixed Income exchange-traded fund from “PIFI” to “BTC”
While ClearShares remains a bond fund …. “Grayscale has taken an ownership stake in ClearShares as part of its long-term commitment to bring digital currency ETFs to market, with the potential to collaborate on products with investment strategies related to the digital currency industry”
The BTC bus rolls on … (yeah, its a tram 😀 )