A Grayscale Bitcoin Spot ETF Could Be Right Around The Corner
We may see a physically-settled, spot Bitcoin ETF on the market sooner than later, as Grayscale announces intention to file early next week.We could have the first spot Bitcoin ETF on the market near the end of this year, as Grayscale intends to file for SEC approval for its product by “early next week,” according to CNBC. Grayscale's intention is to convert their Bitcoin Fund ($GBTC) into a spot Bitcoin ETF.The official Grayscale filing will kick off a 75-day review period for the SEC to either approve or deny the proposed spot Bitcoin ETF, a first of its kind,....
Related News
Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) challenging the securities regulator’s decision to reject its application to convert the Grayscale Bitcoin Trust to a spot bitcoin exchange-traded fund (ETF).
Grayscale Takes SEC to Court Over Spot Bitcoin ETF Application
Grayscale Investments filed a “petition for review” Wednesday challenging the decision by the U.S. Securities and Exchange Commission (SEC) to deny the company’s application....
Grayscale Investments announced today that the NYSE Arca has filed to convert the firm’s flagship product, the Grayscale Bitcoin Trust (GBTC) into a Bitcoin Spot ETF.
With the approvals of futures bitcoin ETFs, firms have taken it one step further and have applied with the Securities and Exchanges Commission (SEC) for spot-based bitcoin ETFs. However, unlike their futures and short counterparts, the spot ETFs have not found favor in the eyes of the regulatory watchdog. And as more spot-based bitcoin ETF applications are declined by the SEC, questions have arisen about whether the market will see one anytime soon. Grayscale And Bitwise Applications Rejected Over the last month, anticipation had built up regarding spot-based Bitcoin ETF filings by both....
Grayscale met with the SEC behind closed doors to persuade regulators to approve the fund’s application to convert into a spot-bitcoin ETF.
In a pivotal development for the crypto investment community, the Securities and Exchange Commission (SEC) has chosen not to seek a rehearing regarding Grayscale Investments LLC’s proposal to convert its Bitcoin trust into a spot Bitcoin exchange-traded fund (ETF). Following this, Eleanor Terrett, a journalist from Fox Business, acquired a statement from Grayscale on the […]