Grayscale Met With SEC On Approval Of Spot-Bitcoin ETF Today

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  • Grayscale, the largest bitcoin fund in the world, met with the SEC in a closed meeting.
  • The meeting was meant to persuade regulators to approve Grayscale’s conversion from a fund to a spot-bitcoin ETF.
  • The deadline of approval for Grayscale’s ETF application is July 6, 2022.

Grayscale, the company behind the world’s largest bitcoin fund (OTCQX: GBTC), had a private meeting with the Securities and Exchange Commission to persuade the regulator to approve the conversion of its flagship fund into an exchange-traded fund (ETF), according to a report from CNBC.