Grayscale Spot Bitcoin ETF Is Now Registered With Form 8A-12b
Key Points:
This registration marks a move to convert the Grayscale Bitcoin Trust (GBTC) into a Grayscale spot Bitcoin ETF, subject to SEC approval.
Form 8A-12b, required for organizations issuing securities, has been submitted by Grayscale Investments, providing essential details such as the issuer’s name and address, the security’s name, and its intended listing location. Grayscale’s Chief Legal Officer, Craig Salm, casually remarked, “Just filling out some Forms” regarding the SEC registration for Grayscale Spot Bitcoin ETF.
FOX Business reports suggest that the SEC could inform issuers as early as tomorrow about the fate of spot Bitcoin ETFs. This news sparked a rebound in Bitcoin and crypto stocks on Thursday. Bloomberg analysts anticipate official approval for exchange-traded funds between January 8-10, with trading expected to commence shortly after.
As of the close of 2023, Bitcoin reached 20-month highs, trading around $43,000, surging from $27,000 in September. The cryptocurrency demonstrated remarkable resilience, rebounding over 155% throughout the year.
Investors are keenly awaiting SEC decisions and regulatory developments, as they could significantly impact the cryptocurrency market and broader financial landscape.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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