The U.S. Securities and Exchange Commission (SEC) has initiated discussions with Grayscale Investments regarding the details of their application to convert the GBTC trust product into an ETF. This development could have a significant impact on the crypto industry, according to an individual familiar with the ongoing interactions between the two parties.
The industry eagerly anticipates the SEC's approval of one or more ETF applications, as it is believed that this moment could streamline the path for everyday investors to access digital assets. The anonymous source revealed that Grayscale has been in contact with the SEC's Trading and Markets Division, as well as the agency's Division of Corporation Finance, ever since winning the legal battle. These discussions have been taking place in private. (Coindesk)