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Grayscale Updates Bitcoin Trust Prospectus!
Nov 23, 2023 at 11:26
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2 Replies
Member Since Nov 23, 2023
6 posts
Nov 23, 2023 at 11:26
Grayscale has filed a new prospectus post-meeting with the SEC, outlining its aim to transform the Bitcoin Trust into a spot Bitcoin ETF. The updated prospectus, submitted on November 22, hints at a potential change in GBTC’s ticker to BTC. However, Bloomberg's ETF expert James Seyffart clarified that the fund won't necessarily adopt the BTC ticker. Grayscale's latest filing, with revised risk factors and disclosures, follows discussions involving its executives, legal representatives, and the SEC. Bloomberg analysts anticipate a 90% likelihood of the SEC approving a Bitcoin spot ETF by January, despite the regulator's ongoing delay tactics.
Member Since Jul 22, 2024
21 posts
Jul 23, 2024 at 10:16
if grayscale is updating it’s Bitcoin Trust prospectus then that means they’re actually staying transparent and compliant, which can boost investor confidence.
Member Since Jul 23, 2024
21 posts
Jul 23, 2024 at 19:00
Cryptoguru posted:
Grayscale has filed a new prospectus post-meeting with the SEC, outlining its aim to transform the Bitcoin Trust into a spot Bitcoin ETF. The updated prospectus, submitted on November 22, hints at a potential change in GBTC’s ticker to BTC. However, Bloomberg's ETF expert James Seyffart clarified that the fund won't necessarily adopt the BTC ticker. Grayscale's latest filing, with revised risk factors and disclosures, follows discussions involving its executives, legal representatives, and the SEC. Bloomberg analysts anticipate a 90% likelihood of the SEC approving a Bitcoin spot ETF by January, despite the regulator's ongoing delay tactics.
This is fascinating to witness the potential transformation of the Bitcoin Trust into a spot Bitcoin ETF with the prospect of a ticker change to BTC🫣
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