Grayscale Bitcoin Trust on Tuesday submitted one other amended S-3 submitting to the U.S. Securities and Exchange Commission (SEC).
It is the modification no. 3 to transform GBTC to identify Bitcoin ETF because the window opens for a possible approval of spot Bitcoin ETF between January 5-10, 2024.
Grayscale Amends Spot Bitcoin ETF Prospectus
According to a filing with the U.S. Securities and Exchange Commission (SEC) dated January 2, Grayscale filed an S-3 type.
The modification no. 3 to the registration assertion filed solely for the aim of submitting sure displays and doesn’t modify any provision of the prospectus that varieties part of the registration assertion.
Bloomberg ETF analysts James Seyffart and Eric Balchnas additionally famous that there are not any particulars on specifics. “Just a bunch of exhibits added in relation to the trust’s 3rd party relationships it seems?” However, the language on money solely is much clearer. Balchnas mentioned “still no AP named, just blanks where name should go.”
Grayscale CEO Michael Sonnenshein additionally took to X (previously Twitter) on the identical time saying “big work week.” He appears to be declaring the large week forward for the crypto market because the SEC prepares to announce spot Bitcoin ETF approval. Some stories recommend the SEC may attain out to Bitcoin ETF issuers as early as Jan 6.
massive work week.
— Sonnenshein (@Sonnenshein) January 2, 2024
Last week, Grayscale additionally amended its submitting to transform the Grayscale Bitcoin Trust (GBTC) fund right into a spot Bitcoin ETF after Grayscale Investments’ chairman, Barry Silbert, stepped down from the place. Seyffart mentioned Grayscale apparently “bending the knee” because it accepts the SEC’s mandate on cash-only orders.
CoinGape reported that Grayscale Bitcoin Trust submitted a free writing prospectus (FWP) to the U.S. SEC on Dec 29 as different spot Bitcoin ETF issuers filed up to date S-1 varieties. Sonnenshein claimed that Grayscale has been prepared since 2017 with Jane Street and Virtu as licensed individuals.
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