Grayscale Files for New Spot Bitcoin ETF After Won the SEC Case

Grayscale Files for New Spot Bitcoin ETF After Won the SEC Case
Source: coincentral

Grayscale Investments has filed a new application with the US SEC for a new spot Bitcoin ETF on Oct. 19. According to the registration statement, Grayscale intends to list the shares of Grayscale Bitcoin Trust on the New York Stock Exchange (NYSE) Arca under the ticker symbol GBTC.

The new filing aligns with Grayscale’s ongoing effort to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF, according to a statement by Grayscale.

The firm's announcement mentioned:

“Importantly, GBTC is ready to operate as an ETF upon receipt of these regulatory approvals, and on behalf of GBTC’s investors, Grayscale looks forward to working collaboratively and expeditiously with the SEC on these matters.”

The new filing comes after Grayscale’s recent court victory over the SEC in which the company was told the agency had no basis for denying Grayscale’s request to convert its GBTC product into a spot Bitcoin ETF.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source

Bitcoin

Policy and Regulation

In This Article

Related News
MicroStrategy, Metaplanet Want Billions More in Bitcoin as BTC Nears $100K MicroStrategy, Metaplanet Want Billions More in Bitcoin as BTC Nears $100K
MicroStrategy Buys a Further 2,138 BTC, Adding to Stash for 8th Consecutive Week MicroStrategy Buys a Further 2,138 BTC, Adding to Stash for 8th Consecutive Week
South Korea imposes sanctions on North Korean crypto hackers, IT operatives South Korea imposes sanctions on North Korean crypto hackers, IT operatives
Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report Six Bitcoin Mutual Funds to Debut in Israel Next Week: Report
MicroStrategy Buys a Further 5,262 BTC as Stock Joins Nasdaq 100 MicroStrategy Buys a Further 5,262 BTC as Stock Joins Nasdaq 100
Latest News More More
7 Hours Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
8 Hours Ago Fetch.ai launches $10M accelerator for AI agent startups
1 Day Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
1 Day Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
2 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open