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 <p>Crypto asset manager Grayscale has filed another application with the SEC seeking approval for a spot Bitcoin exchange-traded fund (ETF). On October 19th, Grayscale submitted a registration to list its Grayscale Bitcoin Trust shares on the NYSE Arca exchange under the ticker GBTC. This represents the firm’s ongoing pursuit of converting the trust into an ETF.</p>
 <p>The filing incorporates Grayscale’s prior disclosures as a registered security since 2020. Approval requires the SEC to sign off on the NYSE Arca application and Grayscale’s registration going effective.</p>
 <p><strong>Also read:&nbsp;Basel Committee Proposes New Crypto Disclosure Rules for Banks</strong></p>
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 <h2 class="wp-block-heading" id="h-the-latest-spot-bitcoin-etf-filing-comes-after-grayscale-s-recent-win">The latest Spot Bitcoin ETF filing comes after Grayscale’s recent win</h2>
 <p>This latest application comes after the crypto asset manager won a lawsuit against the SEC in September, requiring the agency to reexamine its rejection of a spot Bitcoin ETF. The company also expressed its commitment to continue working with regulators on ETF approval.</p>
 <p>The company joins several other major players, like BlackRock, ARK Invest, and Fidelity, seeking the SEC’s green light for a Bitcoin ETF.</p>
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 <p><strong>Also read:&nbsp;Shiba Inu Team Warns of Fake Telegram Channel Promoting Scam</strong></p>
 <p>While the SEC has moved slowly on approvals so far, increased pressure from leading firms and recent legal developments appear to be pushing the process forward.</p>
 <p>Crypto investors await concrete progress, but Grayscale’s persistence reflects growing industry optimism around an eventual spot Bitcoin ETF launch after years of setbacks.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/grayscale-submits-new-spot-bitcoin-etf-application-to-sec-tbt67014.html">https://thebittimes.com/grayscale-submits-new-spot-bitcoin-etf-application-to-sec-tbt67014.html</a></p>

Grayscale Submits New Spot Bitcoin ETF Application to SEC

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TheBitTimes

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