Grayscale Meets with SEC for Discussion on Spot Bitcoin ETF

Grayscale executives, including CEO Michael Sonnenshein, have reportedly met with the SEC to discuss converting their flagship Bitcoin trust to a spot Bitcoin ETF.

This SEC meeting covered NYSE Arca's proposed rule change for listing and trading shares of the Grayscale Bitcoin Trust (BTC)

Grayscale has collaborated with BNY Mellon for the Transfer Agency and Service Agreement of the Grayscale Bitcoin Trust (GBTC)

ETF Store President Nate Geraci foresees Grayscale's GBTC 'conversion' referred to as an 'uplifting'

Geraci believes Grayscale could dominate the ETF category by 'uplisting' GBTC to NYSE Arca.