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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

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