Grayscale Inches Closer to Bitcoin ETF, But Final Steps Remain
• Grayscale amended its Bitcoin ETF filing but still hasn't named an authorized participant, which the SEC wants to see
• Experts say naming an authorized participant is likely the last step in the application process
• Grayscale also didn't specify fees for its proposed ETF, unlike other applicants
• Grayscale wants to convert its existing Bitcoin Trust into a spot ETF after a legal battle with the SEC
• The SEC must review Grayscale's application again along with other firms' after an appeals court ruled the initial rejection was "arbitrary and capricious"