- Grayscale submitted a revised version of the spot Bitcoin ETF filing after discussions with the SEC.
- The Bloomberg analyst James Seyffart asserted that the revised filing carries minimal amendments.
- The new filing shortened a line regarding cash orders and removed pages citing risk disclosures.
Crypto asset manager Grayscale recently submitted a revised version of its spot Bitcoin exchange-traded fund (ETF) filing following negotiations with the U.S. Securities and Exchange Commission (SEC). According to a series of X posts shared by Bloomberg researcher James Seyffart, the updated filing has minimal modifications despite some shortenings and eliminations.
Update: New Grayscale S-3/Prospectus #Bitcoin ETF filing to convert $GBTC. Right off the bat the biggest update is the plan to change $GBTC's ticker to $BTC (which was expected). Skimming through the rest now. pic.twitter.com/W9uNdAHLMv— James Seyffart (@JSeyff) November 22, 2023
In a recent development that analysts interpreted as a positive sign, the SEC’s Trading and Markets Division was involved in a series of discussions with the crypto firms awaiting ETF approvals. The SEC requested the compani…
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