Grayscale Urges SEC to Green Light Conversion of Bitcoin Fund to ETF After Court Ruling

Grayscale Investments, a major player in cryptocurrency asset management, is pushing the U.S. Securities and Exchange Commission (SEC) to act swiftly on its request to convert its primary Bitcoin fund into a spot exchange-traded fund (ETF). This follows a significant court ruling on August 29 where a U.S. Appeals Court sided with Grayscale, disagreeing with the SECs earlier refusal to allow the conversion of the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. On September 5, lawyers representing Grayscale sent a formal correspondence to the SEC, urging a meeting to talk through the...

source: https://tokenpost.com/Grayscale-Urges-SEC-to-Green-Light-Conversion-of-Bitcoin-Fund-to-ETF-After-Court-Ruling-10635

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