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

Published 16/10/2023, 09:09
Grayscale Stands Ready for ETF Conversion Post-SEC’s No Appeal

Coin Edition -

  • Grayscale reaffirms readiness for potential GBTC to ETF conversion.
  • Attention shifts to the Court’s final mandate, expected in the next seven days.
  • SEC’s decision not to appeal will likely lead to a review of Grayscale’s application.

Following the Securities and Exchange Commission’s (SEC) 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).

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