Grayscale legal team seeks SEC meeting over proposed Bitcoin ETF conversion
The company's legal team sent a letter to the regulator on Sept. 5 requesting to discuss next steps in the wake of recent court decisions.
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Minor crypto market cooldown countered by robust Bitcoin inflows, trading volume surge.
Grayscale reportedly has $5 billion in ETH, in line with official statements, as institutional players take center stage in crypto markets.
The SEC has been reluctant to approve a spot Bitcoin ETF in the United States, but that may not be an insurmountable hurdle.
A federal court in the Southern District of New York has approved the terms of deal and it may now proceed at a price of $10.96 per share.
BlackRock has a pending spot Bitcoin ETF application before the U.S. Securities and Exchange Commission (SEC).
1inch withdrew over $40 million worth of cryptocurrencies from its investment fund