23 Nov, 2023 Posted by - Admin

Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC

Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock.

On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin exchange-traded fund (ETF). This follows a meeting between Grayscale and the SEC to discuss the proposed product.

Grayscale Adamant About Getting Bitcoin ETF Approved

The updated filing is an amended Form S-3 registration statement, used by companies that have already fulfilled SEC reporting obligations. According to ETF analyst James Seyffart at Bloomberg, the prospectus does not appear to include significant changes from the original filing.