Grayscale submits revised Bitcoin spot ETF conversion application stating that creation and redemption can only be done in cash

12/27 00:50

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Bloomberg analyst James Seyffart posted on social media that based on public documents, Grayscale has resubmitted a revised S-3 document to the SEC today, with the aim of converting GBTC to a Bitcoin spot ETF. The analyst pointed out that Grayscale has made concessions and is accepting the SEC's requirement for "cash-only creation/redemption of shares".

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