##  [# Hot Reads: GBTC Expects ETF Conversion By Next July](/sections/daily-hot-reads/hot-reads-gbtc-expects-etf-conversion-next-july) 

 

# Hot Reads: GBTC Expects ETF Conversion By Next July

 

 

Plus, T. Rowe Price acquires Oak Hill Advisors.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Oct 29, 2021

 Edited by: ETF.com Staff

 

 

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*Compiled by ETF.com Staff*

[**GBTC Exec Claims ETF Conversion Will Happen By July**](https://cointelegraph.com/news/biggest-bitcoin-fund-in-the-world-could-become-etf-by-july-as-gbtc-nears-40-billion-aum) (Cointelegraph)

Grayscale’s head of ETFs believes the conversion from a nearly $40 billion trust to an ETF will happen over a nine-month timeline.

[**T. Rowe Price To Acquire Oak Hill Advisors For $4.2B**](https://www.institutionalinvestor.com/article/b1v6p66klvgl1d/T-Rowe-Price-to-Acquire-Oak-Hill-Advisors-for-4-2-Billion) (Institutional Investor)

T. Rowe is adding alternative investments to its business.

[**In The Middle Of Crisis, Facebook Inc. Renames As 'Meta'**](https://apnews.com/article/facebook-meta-mark-zuckerberg-technology-business-5ad543ab7780caae435935f0aca9fac6) (Associated Press)

The tech ETF stalwart is renaming to emphasize a new tilt toward the metaverse.

[**Cathie Wood’s 'Value' Stock Picks**](https://finance.yahoo.com/news/cathie-wood-dumps-another-100-212700039.html) (Yahoo Finance)

The ARK Invest head has sold off nearly $114 million in Tesla recently.

[**Why Schwab Isn’t Adding Crypto For Retail Users**](https://riabiz.com/a/2021/10/28/why-the-secs-green-light-for-bitcoin-etfs-failed-to-convince-charles-schwab-co-to-make-crypto-trading-available-to-its-325-million-retail-accounts) (RIABiz)

The brokerage is still waiting for more regulatory guidance despite the approval of two bitcoin-linked ETFs.

[**Choosing Between Correlation Diversification &amp; Option Hedges**](https://mrzepczynski.blogspot.com/2020/06/choosing-between-correlation.html) (Disciplined Systematic Global Macro Views)

Diversification is the agnostic hedge, but investors may want to consider correlation and structural hedges.

[**Ownership Inequality In The Stock Market**](https://awealthofcommonsense.com/2021/10/ownership-inequality-in-the-stock-market/) (A Wealth Of Common Sense)

The fact that equity ownership is tied up in the hands of so few means the wealth inequality gap will continue to widen.



 

 

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