Grayscale posted on its corporate blog that it has filed a new filing with the Securities and Exchange Commission (SEC) to convert its Grayscale Bitcoin Trust (GBTC) into an ETF.
“Grayscale is ready to move forward after receiving regulatory approvals. We look forward to cooperating and working expeditiously with the SEC on these issues,” the company wrote.
The day before, the investment company Fidelity filed an updated application with the SEC to launch the Wise Origin Bitcoin Trust Bitcoin ETF.
Recently, information appeared in the media and social networks about the SEC’s approval of iShares’ application to launch a spot Bitcoin ETF. Against this background, the price of Bitcoin soared above $29,000, but the news turned out to be fake.
The CEO of the investment company BlackRock believes that the recent jump in the price of Bitcoin is not caused by false news, but by real economic problems.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
