Bitcoin

Grayscale Bitcoin Trust

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<ul class="news-points"> 
 <li><strong>Grayscale reaffirms readiness for potential GBTC to ETF conversion.</strong></li> 
 <li><strong>Attention shifts to the Court’s final mandate, expected in the next seven days.</strong></li> 
 <li><strong>SEC’s decision not to appeal will likely lead to a review of Grayscale’s application.</strong></li> 
</ul> 
<p>Following the <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission’s (SEC)</a> recent decision not to seek a rehearing, Grayscale has released a statement reaffirming its readiness for the potential conversion of Grayscale Bitcoin Trust (GBTC) into an Exchange-Traded Fund (ETF).</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: Statement from <a href="https://twitter.com/Grayscale?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Grayscale</a> on the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SECGov</a>’s decision to not seek a rehearing:<br><br>“The Federal Rules of Appellate Procedure’s 45-day period to seek rehearing has now passed. The Court will now issue its final mandate within seven calendar days. The Grayscale team remains…</p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1713599122446446815?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 15, 2023</a>
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<p>“The Grayscale team remains operationally ready to convert GBTC to an ETF upon the SEC’s approval, and we look forward to sharing more information as soon as practicable,” the statement read. Eleanor Terrett, a journalist at FOX Business, shared and confirmed the statement was directly from Grayscale.</p> 
<p>With the 45-day window for seeking a…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/grayscale-stands-ready-for-etf-conversion-post-secs-no-appeal/">Grayscale Stands Ready for ETF Conversion Post-SEC’s No Appeal</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Grayscale Stands Ready for ETF Conversion Post-SEC’s No Appeal

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