U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
Submitted by Anonymous (not verified) on Wed, 11/08/2023 - 23:10
The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person familiar with the back-and-forth, which could have momentous implications for the crypto industry.