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Grayscale Met With SEC On Approval Of Spot-Bitcoin ETF

  • Grayscale, the most important bitcoin fund on the planet, met with the SEC in a closed assembly.
  • The assembly was meant to persuade regulators to approve Grayscale’s conversion from a fund to a spot-bitcoin ETF.
  • The deadline of approval for Grayscale’s ETF utility is July 6, 2022.

Grayscale, the corporate behind the world’s largest bitcoin fund (OTCQX: GBTC), had a non-public assembly with the Securities and Exchange Commission to persuade the regulator to approve the conversion of its flagship fund into an exchange-traded fund (ETF), in accordance to a report from CNBC.

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