Grayscale Files New Bitcoin ETF Application After Lawsuit Win Against SEC
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Grayscale Investments filed a new application with the SEC for a spot Bitcoin ETF after winning a lawsuit against the regulator.
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The filing aims to convert Grayscale's Bitcoin Trust into an ETF listed on NYSE Arca under the ticker GBTC.
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This follows the SEC being ordered to review and explain its rejection of Grayscale's earlier ETF application.
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Grayscale says it is ready to operate the Bitcoin Trust as an ETF once regulatory approvals are secured.
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The move comes as other firms like BlackRock also file updated Bitcoin ETF prospectuses following talks with the SEC.
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