Grayscale Investments insists on its own method preference for the spot Bitcoin exchange-traded fund (ETF) it is trying to establish.
According to the statement published by the US Securities and Exchange Commission (SEC), Grayscale met with SEC representatives on Tuesday.
Grayscale, who made a presentation to the SEC during the meeting, “ready to repay both in kind and in cash” stating that it is that repayments in kind are more effective “and therefore more beneficial” He emphasized that it was.
SEC says fund operators may be held accountable if Bitcoin ETF investors seek refunds Payment to investors in cash by selling Bitcoin He prefers to do it.
In Grayscale’s presentation, “We believe it is in the interest of investors to include both in-kind and cash refunds as this supports a deeper, stronger primary market, resulting in a more efficient ETP market.” It was said.
Bloomberg analyst James Seyffart said: “I am fully in favor of Grayscale, BlackRock and all other issuers pushing for in-kind (methodology). “This is a simpler and more effective way to manage the ETF.” said.