This submitting “is one other essential step in the direction of uplisting GBTC as a spot bitcoin ETF,” Grayscale spokeswoman Jenn Rosenthal mentioned in an announcement, referring to the corporate’s bitcoin belief that it needs to show into an ETF. “At Grayscale, we proceed to work collaboratively with the SEC, and we stay able to function GBTC as an ETF upon receipt of regulatory approvals.”
