Grayscale Makes New Filing to Convert GBTC Into Bitcoin ETF with SEC!

The post Grayscale Makes New Filing to Convert GBTC Into Bitcoin ETF with SEC! appeared first on Coinpedia Fintech News

Grayscale Investments has filed a new registration statement with the Securities and Exchange Commission (SEC) to convert its Grayscale Bitcoin Trust into a spot bitcoin exchange-traded fund (ETF) after last week’s ruling by a Washington, D.C., court directing the regulator to re-review the firm’s application. The company has submitted the shortened Form S-3 filing to offer new shares and plans to list them on the NYSE Arca under the symbol GBTC after receiving approval of NYSE Arca’s application. While the SEC did not appeal the court’s ruling, a number of factors must happen before a spot bitcoin ETF becomes available.