Grayscale CEO Michael Sonnenshein provided an update on his company’s proposed spot Bitcoin ETF in conversation with Bloomberg on Nov. 8. Grayscale intends to convert its existing Grayscale BTC (GBTC) fund to an ETF.
Sonnenshein commented on current interactions with regulators, stating:
“… What you’ve seen now over the last few weeks is our team putting in the appropriate filings in front of the [U.S. Securities and Exchange Commission] … with all the required documents that would support us moving towards that uplisting on NYSE.”
Sonnsenshein specifically said that Grayscale’s S-3 filing — a securities registration form that is used by companies that have already met other reporting requirements — has allowed the company to have a “constructive dialogue” with the SEC.
The latest developments follow long-standing attempts from the SEC to dismiss the proposal. However, Grayscale won the right to have its proposal reviewed by the SEC through a legal victory in Augu
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