Grayscale asks SEC to meet on ‘way forward’ for Bitcoin ETF conversion By Cointelegraph

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© Reuters

Grayscale has told the Securities and Exchange Commission it has no legal reasoning left to block the conversion of the asset manager’s flagship (BTC) fund to a spot exchange-traded fund (ETF).

On Sept. 5, Grayscale’s lawyers sent a letter to the SEC requesting the pair meet to discuss the next steps following the regulator’s court loss regarding the conversion of the Grayscale Bitcoin Trust (GBTC).

Screenshot of the letter sent to the SEC by Grayscale’s retained law firm Davis Polk. Source: Grayscale