Express

SEC In Talks With Grayscale On Converting GBTC Into Spot Bitcoin ETF

Katie Lin

Summary: The U.S. Securities and Exchange Commission (SEC) is in talks with Grayscale Investments on the details of the company’s application to convert its trust product GBTC to a spot bitcoin exchange traded product (ETF), according to reports by CoinDesk, citing a person familiar with the matter, which may have a major impact on the crypto industry. Grayscale ...

The U.S. Securities and Exchange Commission (SEC) is in talks with Grayscale Investments on the details of the company’s application to convert its trust product GBTC to a spot bitcoin exchange traded product (ETF), according to reports by CoinDesk, citing a person familiar with the matter, which may have a major impact on the crypto industry.

Grayscale has been in contact with both the SEC's Division of Trading and Markets and the Division of Corporation Finance since winning its court case, said the person. Both SEC divisions will have a role in approving the firm’s ETF application.

Author: Katie Lin

  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 2 hours ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 3 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 4 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 5 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 7 days ago
  • You need to login to comment.