{"id":150652,"date":"2023-08-31T13:50:25","date_gmt":"2023-08-31T13:50:25","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=150652"},"modified":"2023-08-31T15:03:25","modified_gmt":"2023-08-31T15:03:25","slug":"grayscale-ceo-uncertain-on-the-need-to-refile-for-spot-btc-etf","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/grayscale-ceo-uncertain-on-the-need-to-refile-for-spot-btc-etf\/","title":{"rendered":"Grayscale CEO Doubts Need to Refile BTC ETF With SEC"},"content":{"rendered":"
Grayscale CEO, Michael Sonnenshein has expressed uncertainty regarding the necessity of resubmitting the company\u2019s application to the U.S. Securities and Exchange Commission (SEC)<\/strong> for the conversion of its Grayscale Bitcoin Trust (GBTC) product into a spot Bitcoin (BTC) Exchange Traded Fund (ETF)<\/a>. <\/span><\/p>\n This uncertainty comes despite the significant victory achieved by Grayscale against the regulatory agency. <\/span>Sonnenshein\u2019s remarks in an <\/span>interview with Bloomberg Television<\/span><\/a> reflect the complex and evolving landscape in <\/span>cryptocurrency<\/span> regulation. Grayscale\u2019s recent success against the SEC combined with its ambition to transition GBTC into an ETF has sparked discussion about the potential need for revisiting the application.\u00a0<\/span><\/p>\n