Grayscale Met With The SEC, Tried To Convince Them To Turn The GBTC Into An ETF

-Grayscale is hoping to transform its GBTC product into a spot bitcoin ETF
-The SEC has until July 6th to approve or deny the application
-If approved, the transformation would unlock up to $8 billion in value for investors
-The main argument from Grayscale is that a bitcoin futures ETF already exists, and the SEC is discriminating against issuers by not letting any company create a spot bitcoin ETF
-Grayscale has coordinated a public letter-writing push, flooding the SEC with more than 3,000 letters in support of its application
-Opinions on the matter vary, with some believing that the sudden influx of funds would send bitcoins price to the moon and others deeming the ETF as paper bitcoin which puts investors at risk

 

 

laptop gefb954956 1280 Grayscale Met With The SEC, Tried To Convince Them To Turn The GBTC Into An ETF
Grayscale Met With The SEC, Tried To Convince Them To Turn The GBTC Into An ETF 2

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