The US Securities and Exchange Commission (SEC) has yet again delayed the decision on digital asset manager Grayscale’s application to convert the “Grayscale Bitcoin Trust” (GBTC) into a spot bitcoin exchange-traded fund (ETF).
SEC, February 4 The digital asset manager announced on Grayscale Bitcoin Trustto convert to spot bitcoin ETF stock manipulation, fraud and other potential issues He expressed his concerns about how to prevent it. The SEC also said that the bitcoin market liquidity and transparency with bitcoin as the core asset for the fund “suitabilityHe expressed his concerns about.
to interested parties regarding their concerns. answers for 21 days giving a time SEC also request feedback from the public on these issues as well. and to the parties for their responses to these feedbacks. 14 days additional time he recognized.
SEC earlier this week Bitwise’from your own spot Bitcoin ETF about the application similar concerns had requested that it be removed.
SEC Requests Bitwise to Allay Concerns About Spot Bitcoin ETF Application
Related article: SEC Requests Bitwise to Allay Concerns About Spot Bitcoin ETF Application
Grayscale, originally October per month Grayscale Bitcoin TrustIt has filed with the SEC to convert the coin into a spot bitcoin ETF. SEC, December Grayscale’s application in 45 days had delayed.
The SEC, which has yet to come to a positive conclusion about a spot Bitcoin ETF, has rejected spot Bitcoin ETFs from WisdomTree, Krypton, SkyBridge, and Fidelity in the past few months.