#crypto #ETF #bitcoin #SEC #NYSE
According to a new report, Grayscale gave a private presentation to the SEC in order to persuade them into allowing the crypto firm to turn the Grayscale Bitcoin Trust (GBTC) into a New York Stock Exchange (NYSE)-traded ETF.
Grayscale also says they would like to see the SEC treat Bitcoin ETFs the same way they do futures-based BTC ETFs as they are not riskier. So far, the SEC has approved numerous futures-based Bitcoin ETFs but has so far rejected every proposal for a spot market one.
Grayscale CEO said in late April about the SEC’s perceived unfair treatment of the two different types of ETFs after the SEC approved a futures-based ETF from ETF-provider Teucrium.
The SEC is slated to make a decision by 6th July.
Have a prosperous day, Keep the Faith!