Grayscale Investments submitted an updated version of its Spot Bitcoin exchange-traded fund (ETF) application to the SEC following the resignations on the board of directors.
Two important names on the board of directors of the cryptocurrency-focused investment company Grayscale Investments Barry Silbert And Mark Murphy They recently resigned and As of January 1 announced that they would resign from their positions.
Immediately after this statement, Grayscale filed a complaint with the US Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust (GBTC) to convert your fund into a spot Bitcoin ETF an issued S-3 application presented.
According to the updated filing, Grayscale agreed to the SEC’s request to raise and return funds solely in cash. In line with this change, transactions on the ETF can be made not only with Bitcoin but also with dollars.
Updated application submitted by the company to the regulatory authority, Negotiations regarding the spot Bitcoin ETF process continue And One step closer to positive results It was interpreted as.
Bloomberg’s senior analysts review SEC’s spot Bitcoin ETF applications January 2024 It is expected to be approved en masse in 2020. In this direction BlackRock And Fidelity All applicants, including world financial giants such as, are updating their files in accordance with the demands of the SEC.