United

Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<ul>
 <li>Grayscale reportedly submitted an S-3 form to the U.S SEC on January 2.</li>
 <li>This third revision is entirely for the express purpose of adding certain exhibits.</li>
</ul>
Tuesday saw Grayscale Bitcoin Trust file yet another updated S-3 filing to the SEC in the United States. In light of the fact that the window for the possible approval of a spot Bitcoin ETF opens between January 5 and 10, 2024, this third amendment seeks to transform GBTC into a spot Bitcoin ETF.
Grayscale reportedly submitted an S-3 form to the U.S <a href="https://thenewscrypto.com/mark-cuban-slams-sec-and-calls-for-improved-crypto-regulation/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> on January 2, according to a filing. This third revision is entirely for the express purpose of adding certain exhibits; it does not alter any section of the prospectus that is an attachment to the statement. Even Bloomberg ETF experts <a href="https://www.linkedin.com/in/ericbalchunas" target="_blank" rel="noopener noreferrer nofollow">Eric Balchunas</a> and <a href="https://twitter.com/JSeyff?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noopener noreferrer nofollow">James Seyffart</a> have pointed out that specifics are lacking.
<h3 class="wp-block-heading" id="h-complying-with-sec">Complying with SEC</h3>
It seems to be little more than a collection of exhibits pertaining to the trust’s interactions with third parties as per the experts. According to Balchunas, there are still no authorized participants (AP) mentioned; the space was left blank.
Concurrently, Grayscale CEO Michael Sonnenshein said “big work week” on Twitter. As the SEC is about to announce the approval of a spot Bitcoin ETF, he seems to be highlighting the next crypto market event. There have been rumors that the SEC would contact Bitcoin ETF providers as early as January 6th.
With the resignation of Grayscale Investments’ chairman, Barry Silbert, <a href="https://thenewscrypto.com/cathie-wood-led-ark-invest-dumps-remaining-grayscale-gbtc-shares/" target="_blank" rel="noopener noreferrer nofollow">Grayscale</a> amended its filing last week. Grayscale is reportedly “bending the knee” to comply with the SEC’s request for cash-only transactions, according to Seyffart.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/web3-firms-unite-in-crypto-donations-for-japan-earthquake-relief/" target="_blank" rel="noopener noreferrer nofollow">Web3 Firms Unite in Crypto Donations for Japan Earthquake Relief</a>

Grayscale Amends S-3 Filing as Spot Bitcoin ETF Decision Looms

Indice dei contenuti

TheNewsCrypto

Altri articoli pubblicati su 2 gen 2024

2023 in Review: Advancements in NFTScan Infrastructure

Solana Labs Co-Founder Addresses Community Concerns Over Ecosystem Security

Phantasma Price (SOUL) Trends and Expectations for 2024-2029

Ethereum Continues Its Upward Trend And Sets Its Sights On The $2,400 Mark

Borroe Finance, Aptos, or XRP: Which Crypto Offers the Best Path to Long-Term Wealth?

Ethereum (ETH)’s Price Bounce Back; Memecoin Rally Fueled by Bonk (BONK) & Rebel Satoshi ($RBLZ)

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!