SEC and Grayscale Convene to Address Potential Listing of Bitcoin (BTC) ETF

By Cyrus Dailey Nov 22, 202365Views

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Grayscale Investments Discussions with SEC

A recent memo discloses that Grayscale Investments met with the US Securities and Exchange Commission (SEC) to discuss the spot Bitcoin (BTC) ETF bid.

The memo reveals that the US SEC met with Grayscale Investments to discuss Grayscale Bitcoin Trust’s potential listing matters.

SEC Re-Review of Grayscale’s Spot BTC ETF Application

The US Court of Appeals for the DC Circuit ordered the SEC to re-review Grayscale’s spot bitcoin ETF application after Grayscale’s courtroom victory in August.

Grayscale has sued the SEC after they denied its application, claiming the agency had approved surveillance agreements to prevent fraud in futures-based bitcoin ETFs.

Hot Take

It will be interesting to see how the results unfold from the discussions between the SEC and Grayscale, and how Grayscale’s lawsuit against the SEC will impact the future of spot bitcoin ETF applications.

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#Grayscale bitcoin BITCOIN BTC bitcoin etf btc cryptodaily ETF exchange exchange-traded fund fraud GBTC potential SEC

Cyrus Dailey

Cyrus Dailey stands as a luminary gracefully weaving the roles of crypto analyst, tenacious researcher, and editorial artisan into a captivating narrative of insight. Amidst the intricate world of digital currencies, Cyrus's perspectives resonate like finely tuned melodies, captivating curious minds from a myriad of perspectives. Her ability to decipher complex threads of crypto intricacies melds seamlessly with her editorial finesse, transforming intricacy into a harmonious composition of understanding. Guiding both seasoned explorers and curious newcomers, Cyrus's insights serve as a compass for well-informed decision-making amidst the ever-shifting tides of cryptocurrencies. With the artistry of a linguistic virtuoso, they craft narratives that enrich the evolving tapestry of the crypto landscape.