Yesterday, Grayscale submitted its updated request to the SEC for the issuance of a Bitcoin spot ETF.
BIG BREAKING
GRAYSCALE HAS FILED A REGISTRATION OF SECURITIES FOR IT’S SPOT #BITCOIN ETF WITH THE SEC. pic.twitter.com/5ks1wgVJgl
— BITCOINLFG® (@bitcoinlfgo) January 4, 2024
This is most likely the final version, the one that should be judged by the SEC itself.
The Grayscale Bitcoin spot ETF
The Grayscale Bitcoin spot ETF would not be a new ETF created from scratch, like for other applicants, but the transformation of the current Grayscale Bitcoin Trust (GBTC) into an ETF.
GBTC has been around for years, so much so that its AUM (Asset Under Management) is already over $27 billion.
A total of almost 700 million GBTC shares have already been issued on the market, each corresponding to an AUM of 0.00089459 BTC. In total, GBTC already owns almost 620,000 Bitcoin.
Currently, however, not only can GBTC shares only be traded OTC and are not listed on traditional exchanges, but they
We współpracy z: https://en.cryptonomist.ch/2024/01/05/the-etf-on-grayscales-bitcoin-spot-is-ready-for-approval/
