Grayscale Investments recently met with the US Securities and Exchange Commission (SEC) to discuss their bid for a spot Bitcoin exchange-traded fund (ETF). The SEC issued a memo revealing the meeting, which was mandated by a court decision. The discussions focused on potential listing matters concerning Grayscale Bitcoin Trust’s shares. Grayscale has filed a new registration statement with the SEC in an attempt to convert its trust product into a spot Bitcoin ETF. Progress has been made, as Grayscale and the Bank of New York Mellon agreed that BNY Mellon would act as the transfer agent for shares of the trust. The SEC has previously denied all applications for spot Bitcoin ETFs, citing concerns about investor protection from market manipulation. However, the US Court of Appeals for the DC Circuit recently ordered the SEC to review Grayscale’s application. After securing a courtroom victory, Grayscale sued the SEC, claiming the agency had previously approved surveillance agreements for futures-based Bitcoin ETFs. Recent reports suggest that the SEC is in talks with Grayscale regarding the details of its application.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	NYSE Arca, Inc., Bank of New York Mellon, Grayscale Investments, US Securities and Exchange Commission (SEC)
Currencies	Bitcoin
Securities	None