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TechFlow news, Bloomberg analyst James Seyffart posted on X that according to public documents, Grayscale has today resubmitted its amended S-3 filing to the SEC, aiming to convert GBTC into a spot Bitcoin ETF.
The analyst noted that Grayscale has made concessions and is now accepting the SEC's requirement for cash-only creation and redemption of shares.
Bloomberg analyst James Seyffart posted on X that according to public filings, Grayscale today resubmitted its amended S-3 form to the SEC, aiming to convert GBTC into a spot bitcoin ETF. The analyst noted that Grayscale has made concessions and is now accepting the SEC's requirement for cash-only creation and redemption of shares.
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