Grayscale Investments has launched a campaign encouraging American investors to push the SEC into approving a spot Bitcoin ETF
The campaign involves US investors, submitting comments on Grayscale’s application with the SEC for a spot Bitcoin ETF
Grayscale plans to convert its Bitcoin Trust to a spot Bitcoin ETF
The move would benefit investors by offering exposure to Bitcoin as well as lowering the discount price on the GBTC
The Wall Street investment firm of Grayscale has launched a campaign encouraging American investors to push the Securities and Exchange Commission into approving a spot Bitcoin ETF.
Key to the campaign by Grayscale is the submission of comments by U.S. investors on its application with the SEC to convert its Grayscale Bitcoin Trust, into a spot Bitcoin ETF.
Grayscale’s CEO, Michael Sonnenshein, further explained that investors in the United States, have a unique opportunity to communicate directly with the SEC with regards to the spot Bitcoin ETF. He explained:
WE WILL…ENSURE THAT THE INVESTING PUBLIC IS AWARE OF THE UNIQUE OPPORTUNITY THEY HAVE TO VOICE THEIR OPINIONS DIRECTLY TO THE SEC – A CRITICAL PART OF OUR EXISTING REGULATORY PROCESS.
THE HUNDREDS OF COMMENTS ALREADY SUBMITTED ON BEHALF OF GBTC’S CONVERSION TO AN ETF FURTHER DEMONSTRATES THAT THIS ISSUE IS OF THE UTMOST IMPORTANCE TO INVESTORS.
IT IS CLEAR WE HAVE REACHED A TIPPING POINT IN THE ADOPTION OF DIGITAL ASSETS. MAINTAINING THE REGULATORY STATUS QUO MAY FEEL LIKE THE SAFE OPTION, BUT THE REALITY IS THAT FAILING TO KEEP PACE WITH CHANGE IS THE FAR RISKIER PATH FOR MAIN STREET INVESTORS AND OUR COUNTRY.
How To Submit Comments to the SEC Regarding the Spot Bitcoin ETF Application by Grayscale
Citizens and residents of the United States who are interested in participating in the process can submit their comments to the SEC as follows.