Grayscale Updates Bitcoin Trust Prospectus!

Cryptoguru

Tham gia từ Nov 23, 2023 6bài viết

Nov 23, 2023 at 11:26

Tham gia từ Nov 23, 2023 6bài viết

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.

Defiplaygirl

Tham gia từ Jul 22, 2024 21bài viết

Jul 23, 2024 at 10:16

Tham gia từ Jul 22, 2024 21bài viết

if grayscale is updating it’s Bitcoin Trust prospectus then that means they’re actually staying transparent and compliant, which can boost investor confidence.

Obianujujames2

Tham gia từ Jul 23, 2024 21bài viết

Jul 23, 2024 at 19:00

Tham gia từ Jul 23, 2024 21bài viết

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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