Approval

Crypto asset manager Grayscale held a meeting with the Securities and Exchange Commission (SEC) regarding the conversion of its flagship fund – the Grayscale Bitcoin Trust (GBTC) – into a spot Bitcoin exchange-traded fund (ETF). A Nov. 20 SEC memo disclosed Grayscale CEO Michael Sonnenshein, ETF head Dave LaValle, legal chief Craig Salm, and four […]

The former Chair of the US Securities and Exchange Commission (SEC), Jay Clayton, said there is a high probability that the regulator will approve the launch of a spot Bitcoin ETF sooner or later. This follows a court ruling that favors the conversion of Greyscale’s Bitcoin Trust (GBTC) into a spot ETF. Recently, the agency […]