New Move from Graysacle Regarding Spot Bitcoin ETFs!

While investors and the market were waiting for positive news from the SEC regarding spot Bitcoin ETFs, a new step came from Grayscale, one of the companies applying for the ETF.

Accordingly, Grayscale filed Form 8-A with the SEC and registered securities to launch the spot Bitcoin ETF.

Commenting on the issue, Grayscale chief legal officer Craig Salm said from the X account, “We are just filling out some Forms.”

Just filling out some Forms

— Craig Salm (@CraigSalm) January 4, 2024

Form 8-A offered by Grayscale is among the mandatory forms that must be submitted by the SEC for organizations that want to issue securities.

Bloomberg analysts Eric Balchunas and James Seffart stated that there is a high probability of approval from the SEC regarding spot Bitcoin ETFs, and they expect the possible approval to come by January 10.

Related News: One Step Closer to Spot Bitcoin ETF? Three More SEC Concerns About ETFs Have Been Addressed, Sources Say!

*This is not investment advice.

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