Grayscale Launches Campaign for Spot Bitcoin ETF

Grayscale has launched a campaign to convert the Grayscale Bitcoin Trust (GBTC) into a spot-based exchange-traded fund (ETF).

According to the press release dated February 22 Application of the US Securities and Exchange Commission (SEC) to be listed as GBTC’s spot Bitcoin ETF procrastination and feedback After requesting the company started a campaign for listing approval.

Grayscale, American to mobilize investors created a campaign page for the purpose.

Support Conversion of Grayscale Bitcoin Trust (GBTC) to Spot ETF

Grayscale CEO Michael Sonnenshein said in a statement on the subject:

American investors should have a choice in how they get bitcoin. Every day I get messages from investors waiting for a Spot Bitcoin ETF. We will use the power of Grayscale resources to continue defending these investors. We will raise your views directly with the SEC, which is an important part of the current regulatory process, so they are aware of the opportunity.

said.

The CEO also said, “For the conversion of GBTC to ETF hundreds of comments posted, How much is this issue for investors? It shows how important it is.” said.

After digital asset manager Grayscale recommended to the U.S. Securities and Exchange Commission the conversion of the Grayscale Bitcoin Trust (GBTC) into a spot-based exchange-traded fund (ETF), the SEC decided that the Grayscale Bitcoin Trust (GBTC) should be converted into a spot ETF. decision on conversion application had delayed.

SEC Delays Grayscale’s Spot Bitcoin ETF Application Again