Bloomberg ETH analyst James Seyffart wrote that "Grayscale and SEC met again to discuss matters related to GBTC. Grayscale still insists on seeking physical payment."

James also stated, "I am almost completely on the side of Grayscale, BlackRock, and other issuers who have advocated or are advocating for physical payment as a simpler and more efficient way to operate ETFs."

Previously, BlockBeats reported that on December 7th, Grayscale CEO Michael Sonnenshein expressed optimism about the company's dialogue with the US SEC regarding the possibility of launching a Bitcoin spot ETF. In an interview, he said, "We are optimistic. We have been actively engaging with the SEC, and the feedback we have received from them indicates that the SEC wants to be involved in solving this problem and is eager to make progress on this issue."