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Grayscale Urges SEC Discussion on the Future of Bitcoin ETF Conversion
Grayscale, a major crypto asset manager, has informed the SEC that there are no legal reasons left to block the conversion of its flagship Bitcoin fund into a spot exchange-traded fund (ETF). After a recent court victory, Grayscale argues that the SEC should treat the Grayscale Bitcoin Trust (GBTC) the same as Bitcoin futures ETFs it has previously approved. Grayscale contends that the SEC's delay in approving the conversion is unjustified and calls for a fair playing field for its nearly one million investors.
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