Grayscale Meets With SEC—Bitcoin ETF Imminent?

November 22, 2023 10:39 pm Comments

Grayscale has reportedly become the second high-profile firm to have held meetings with the Securities and Exchange Commission regarding its spot Bitcoin ETF application. The Block confirmed:

In a memo published by the Securities and Exchange Commission, the asset manager on Monday met with officials from the SEC’s division of trading and markets to discuss potential listing matters concerning the shares of the product.

“The discussion concerned NYSE Arca, Inc.’s proposed rule change to list and trade shares of the Grayscale Bitcoin Trust (BTC) under NYSE Arca Rule 8.201-E,” the memo said.

Not long after the meeting, Grayscale made changes to and updated its spot Bitcoin ETF application.

ProCoin News also reported that financial giant BlackRock recently held meetings with the SEC to discuss their proposed spot Bitcoin ETF.

Some within the crypto community suspect that recent litigation and regulatory pressure against Binance was done with the express purpose of leaving no competition for the likes of BlackRock—the world’s biggest asset manager. Here’s what everyone is saying about the Grayscale Bitcoin ETF:

According to Crypto Slate, Grayscale has updated its Bitcoin ETF application:

The filing in question is an amended S-3 prospectus, a type of registration form used by firms that have previously met other reporting requirements. Bloomberg ETF analyst James Seyffart suggested in an X post that the filing does not make significant changes.

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