Grayscale, one of the world’s largest digital asset managers, updated its application to the SEC to establish a spot Bitcoin ETF.
According to the notification made to the US Securities and Exchange Commission (SEC), Grayscale Grayscale Bitcoin Trust (GBTC) It made a few changes in its application to convert it into an exchange-traded fund.
Repayment transactions in the fund in the current version of the application will be done by cash method Even though clear statements are used about the fund Who will be the authorized participant? not specified.
Bloomberg analyst Eric Balchunas said the fund The transaction fee is not clear either. saying that there is a big question mark expressed.
Grayscale, which has met with SEC representatives several times so far, is updating its application for the third time.
The SEC has not yet approved Bitcoin ETFs that invest in futures contracts. did not approve spot ETFs. The regulatory body regarding this To make a clear decision on January 10 Waiting.