Grayscale Investments recently met with the Securities and Exchange Commission as it continues to seek approval for its application to convert its Grayscale Bitcoin Trust into a spot bitcoin exchange traded fund.
in a memorandum published by the Securities and Exchange Commission, the asset manager met with officials from the SEC’s division of trading and markets on Monday to discuss potential listing issues related to the product’s shares.
“The discussion concerned NYSE Arca, Inc.’s proposed rule change for listing and trading Grayscale Bitcoin Trust (BTC) shares under NYSE Arca Rule 8.201-E,” the memo said.
The meeting comes after Grayscale last month. filed a new registration statement with the SEC in its latest attempt to convert the fiat product into a spot bitcoin ETF. A DC circuit court too issued a formal mandate last month to enforce its August ruling, order the regulator to re-review the company’s application.
A previous presentation showed that last week, Grayscale and Bank of New York Mellon agreed to have BNY Mellon act as the trust’s share transfer agent.
GBTC intends to list the shares on NYSE Arca under the symbol GBTC and issue the shares on an ongoing basis following approval of its Form S-3 and a separate 19b-4 filing by NYSE Arca, according to the S-3 Filing presented on October 19.
Other major asset managers, including BlackRock and Fidelity, are also seeking SEC approval for spot bitcoin ETF. SEC Chairman Gary Gensler said last month that the regulator is “working” on the filings.
James Seyffart, ETF analyst at Bloomberg Intelligence, said in a mail on X that he had also “heard rumors that other potential bitcoin ETF spot issuers met with the SEC in the last week.”
