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Grayscale Holds Fresh Talks with US SEC Over Bitcoin ETF Approval
Earlier this week, executives from cryptocurrency asset manager Grayscale engaged in discussions with the US Securities and Exchange Commission (SEC) regarding the specifics of transforming its primary Bitcoin trust, with Bitcoin trading at $36,540, into a spot Bitcoin exchange-traded fund (ETF).
On November 20, an SEC memorandum revealed a meeting involving Grayscale CEO Michael Sonnenshein, legal chief Craig Salm, ETF head Dave LaValle, four other executives, and five representatives from the Davis Polk law firm. The discussions centered on NYSE Arca, Inc.’s proposed rule amendment to list and trade shares of the Grayscale Bitcoin Trust (BTC) under NYSE Arca Rule 8.201-E.
Grayscale provided details about entering into a Transfer Agency and Service Agreement with BNY Mellon, as outlined in a filing shared by Bloomberg ETF analyst James Seyffart. The agreement designates the bank as the agent fo
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