Grayscale Amends S-3 Filing as Spot Bitcoin ETF Decision Nears
- Grayscale is known to have submitted Form S-3 to the U.S. SEC on January 2nd.
- This third edition is solely for the express purpose of adding specific exhibits.
On Tuesday, Grayscale Bitcoin Trust filed another updated S-3 filing with the US SEC. Taking into account the fact that the possibility of spot Bitcoin ETF approval opens between January 5 and 10, 2024, this third amendment seeks to convert GBTC into a spot Bitcoin ETF.
According to the filing, Grayscale reportedly filed Form S-3 with the U.S. SEC on January 2. This third edition is solely for the express purpose of adding specific exhibits. It does not change any part of the prospectus accompanying the statement. Even Bloomberg ETF expert Eric Balchunas James Seiffart We pointed out the lack of specific details.
SEC compliance
According to experts, this appears to be nothing more than a collection of exhibits related to the trust’s interactions with third parties. According to Balchunas, there are no approved participants (APs) mentioned yet. The space is left empty.
At the same time, Grayscale CEO Michael Sonnenshein said on Twitter that it was a “big work week.” With the SEC expected to announce approval of a spot Bitcoin ETF, he appears to be highlighting the next cryptocurrency market event. It has been rumored that the SEC will contact Bitcoin ETF providers as early as January 6th.
Grayscale amended its filing last week following the resignation of Grayscale Investments Chairman Barry Silbert. Grayscale is reportedly “bending the knee” to comply with the SEC’s requests for cash-only transactions, according to Seyffart.
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