media: SEC and Grayscale discuss ETF launch on bitcoin – Bits Media

According to Coindesk, citing sources, Familiar with the situation, United States Securities and Exchange Commission (SEC) Grayscale Investments began negotiations on the details of the company's application for the launch of ETF on Bitcoin.

Discussions, in particular, concern GBTC converting from Bitcoin traffic in a spotal eTF on bitcoin. GrayScale maintains active contacts as with the Department of Trade and SEC markets, and with the corporate finance department, Added sources. Both SEC divisions will play a role in the formation and approval of the company's application.

"Now we are focused on constructive renewal of interaction with trading and markets", - said the chief legal adviser Grayscale Craig Salm (Craig Palm).

Earlier, the court in the United States demanded that the SEC revise the application for the launch of the Sprint Exchange Fund for Bitcoin, Submitted Grayscale. The judicial document confirms the decision, which was made in August this year with respect to the Grayscale claim to the regulator. Then the court decided to satisfy the company's petition to revise the SEC decision and cancel the commission’s decree on the prohibition of ETF launch on Bitcoin.

The deadline for filing an appeal by SEC has expired 13 October, but 19 October GrayScale has applied an updated application for launching a spotto exchange fund for Bitcoin.