Major cryptocurrency investment firm Grayscale has filed a new application with the Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF).
Grayscale on Oct. 19 submitted an S-3 form registration statement with the SEC intending to list the shares of Grayscale Bitcoin Trust on the New York Stock Exchange (NYSE) Arca under the ticker symbol GBTC.
The new filing comes in line with Grayscale’s ongoing effort to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF after the company won a SEC lawsuit for its spot Bitcoin ETF review.
The move comes as other major asset managers like BlackRock, ARK Investment and Fidelity are also seeking approval for spot Bitcoin ETFs from the SEC.
This is a developing story, and further information will be added as it becomes available.