Crypto News – The most recent companies to submit Form 8-As are Grayscale and VanEck, indicating that there is movement in the direction of a possible exchange-traded fund for spot Bitcoin.
Grayscale Form 8-A Filing Completed, ETF Approvals Moving Forward
This action denotes registration, which, after the product is accepted, permits issuers to trade on an exchange. A day after Fidelity submitted its Form 8-A, and a few days before the Securities and Exchange Commission’s impending deadline for deciding whether to approve or disapprove of a spot Bitcoin ETF, VanEck and Grayscale have taken action.
Grayscale Says Working With SEC For ETF Approval
In August, a court ruled that the SEC should reconsider Grayscale’s spot bitcoin ETF proposal. Grayscale decided that it wanted to convert its GBTC fund into a spot Bitcoin ETF. There is growing expectation for a spot Bitcoin exchange-traded fund (ETF), which, should the SEC approve it, would be the first in the United States.
At Grayscale, we continue to work collaboratively with the SEC to uplist GBTC to NYSE Arca as a spot bitcoin ETF. Grayscale remains ready to operate GBTC as an ETF upon receipt of regulatory approvals.
a Grayscale spokesperson
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