The Securities and Exchange Commission (SEC) has delayed its decision on Grayscale’s request to convert its Bitcoin Trust (GBTC) to an exchange-traded fund (ETF). The decision is expected to be given on August 18 (Friday), as its case reaches the 160-day mark since an oral speech was given in March.
Amid uncertainties over the SEC’s ruling, Grayscale announced a job position for a Senior Associate, to its ETF team. Which triggered some speculation in the market, relating the announcement to the awaited decision.

Our ETF team is hiring. 👀https://t.co/FtM1VM0AcW
— Grayscale (@Grayscale) August 17, 2023

Grayscale demanded SEC rule with a fair and consistent approach to all issuers. Challenging SEC’s acceptance of leveraged Bitcoin futures ETFs while rejecting spot Bitcoin ETF applications, a decision Grayscale deems as inconsistent and arbitrary.
On August 15, Jacobi Asset Management managed to approve the first European Bitcoin ETF, listed under the ticker BCOIN in Euronext

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