The SEC is in discussions with Grayscale Investments regarding their application to convert their trust product GBTC into a spot bitcoin ETF. This decision could have significant implications for the crypto industry, as the approval of one or more ETF applications is eagerly anticipated by the sector. Grayscale has been in contact with both the SEC's Division of Trading and Markets and the Division of Corporation Finance since winning its court fight. The court decision was finalized last month, putting the application back in front of the regulator.
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SEC in Talks with Grayscale on Bitcoin ETF Application Details
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