Grayscale has filed an application with the SEC for its Grayscale Bitcoin Trust to become a spot Bitcoin ETF listed on the NYSE. The company is ready to operate as an ETF pending regulatory approval, and is hopeful for a collaborative and expedited process with the SEC. Grayscale recently won a court victory over the SEC, improving the odds of a spot Bitcoin ETF being approved in the coming months. However, the company's parent company, Digital Currency Group, is being sued by the New York State Attorney General, which could complicate Grayscale's efforts to list a product on the NYSE.