Grayscale has recently submitted an amended spot Bitcoin ETF application to the SEC. However, in this latest filing, they have chosen not to include specific information regarding the authorized participants who are allowed to create and redeem shares. This omission of details regarding the authorized participants is notable and could potentially impact the overall evaluation of the application. It remains to be seen how this decision will be perceived by the SEC and what implications it may have for the approval process of Grayscale’s Bitcoin ETF.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinGrayscale's most recent amendment for spot Bitcoin ETF excludes authorized participants.