Bitcoin ETF

Bitcoin

Spot

<ul>
 <li>Grayscale intensifies spot Bitcoin ETF pursuit with third amended S-3 filing.</li>
 <li>SEC approval window opens Jan 5-10, aligning with Grayscale’s latest submission.</li>
 <li>CEO hints at significant crypto market week as SEC decision looms.</li>
</ul>
<p><a href="https://www.grayscale.com/" target="_blank" rel="noopener noreferrer nofollow">Grayscale</a> Bitcoin Trust (GBTC) has intensified its efforts to convert into a spot Bitcoin ETF, <a href="https://www.sec.gov/Archives/edgar/data/1588489/000119312523306046/d118708ds3a.htm" target="_blank" rel="noopener noreferrer nofollow">filing another amended</a> S-3 form with the U.S. Securities and Exchange Commission (SEC) on January 2.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Grayscale</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Trust makes a bold move, submitting amendment no. 3 to convert <a href="https://twitter.com/hashtag/GBTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#GBTC</a> to spot Bitcoin ETF. The window for potential approval of spot <a href="https://twitter.com/hashtag/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinETF</a> is wide open from January 5-10, 2024. <br><br>Will this be the game-changer for <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> and crypto? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/pc1dp9YkDt" rel="noopener noreferrer nofollow">pic.twitter.com/pc1dp9YkDt</a></p>— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1742189219529867706?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 2, 2024</a>
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<p>This marks the third amendment to the registration statement, aligning with the opening window for<a href="https://cryptonewsland.com/grayscale-triumphs-over-sec-in-landmark-bitcoin-etf-case/" target="_blank" rel="noopener noreferrer nofollow"> potential spot Bitcoin ETF approval</a> from January 5 to 10, 2024. The amendment, focused on filing specific exhibits, maintains the prospectus provisions without modification.</p>
<p>While Bloomberg ETF analysts noted the absence of specifics, highlighting added exhibits related to the trust’s third-party relationships, the emphasis on cash-only transactions became more evident.</p>
<p>Grayscale CEO Michael Sonnenshein hinted at an impending significant week for the crypto market, coinciding with expectations of the SEC’s announcement on spot Bitcoin ETF approval. The SEC may reach out to Bitcoin ETF issuers as early as January 6.</p>
<p>Grayscale’s recent amendments follow the <a href="https://cryptonewsland.com/grayscale-chairman-barry-silbert-resigns-amid-speculation-on-bitcoin-etf-approval/" target="_blank" rel="noopener noreferrer nofollow">resignation of Chairman Barry Silbert</a> and a shift towards compliance with the SEC’s preference for cash-only orders. The company submitted a free writing prospectus (FWP) on December 29, signaling its commitment to the spot Bitcoin ETF conversion.</p>
<p>Reports indicate Grayscale’s readiness since 2017, backed by authorized participants Jane Street and Virtu. As the regulatory landscape evolves, the crypto community awaits potential approval, anticipating a transformative development in the cryptocurrency market.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/coinbase-legal-sec-had-no-reason-to-deny-grayscales-btc-etf/" rel="noopener noreferrer nofollow">Coinbase Legal: SEC Had No Reason To Deny Grayscale’s BTC ETF</a></li>
 <li><a href="https://cryptonewsland.com/grayscale-looming-bankruptcy-has-possible-adverse-outcomes/" rel="noopener noreferrer nofollow">Grayscale Looming Bankruptcy Has Possible Adverse Outcomes</a></li>
 <li><a href="https://cryptonewsland.com/financial-strategists-take-ripples-success-surpasses-grayscale-etf-milestone/" rel="noopener noreferrer nofollow">Financial Strategist’s Take: Ripple’s Success Surpasses Grayscale ETF Milestone</a></li>
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<p>The post <a href="https://cryptonewsland.com/grayscale-files-amendment-for-spot-bitcoin-etf-approval-at-eleventh-hour/" rel="noopener noreferrer nofollow">Grayscale Files Amendment for Spot Bitcoin ETF Approval at Eleventh Hour</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Grayscale Files Amendment for Spot Bitcoin ETF Approval at Eleventh Hour

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