SEC in Talks with Grayscale on Bitcoin ETF Conversion After Court Order
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SEC has opened talks with Grayscale on details of its application to convert GBTC to a spot bitcoin ETF.
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Grayscale has been in contact with SEC's Division of Trading and Markets and Division of Corporation Finance since winning its court fight.
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A federal court found SEC was "arbitrary and capricious" in rejecting Grayscale's bitcoin ETF application and ordered the agency to erase its denial.
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Grayscale is focused on "constructively reengaging" with SEC's Trading and Markets division on its bitcoin ETF application.
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SEC chair declined to comment on what the agency will do regarding bitcoin ETF applications while waiting for staff recommendations.