Grayscale Files Updated Bitcoin ETF Prospectus Days After Talks with US SEC
The revised Grayscale ETF prospectus reflects the SEC's comments and could move closer to approval.
Grayscale submitted an updated filing for its pending Bitcoin Spot ETF to the US Securities and Exchange Commission (SEC) on November 22.
The filing in question is a modified S-3 prospectus, a type of registration form used by companies that have previously complied with other reporting requirements.
Bloomberg ETF analyst James Seyffart suggested in an X post that the filing does not introduce significant changes.
“Many people ask what this means. I haven't read it all, but [it's] just [one] more data point confirming that Grayscale is in talks with the SEC and is making updates/changes to its offering documents following discussions and comments from the SEC. Looking for any other new information."
However, Seyffart noted that the app shortened a line related to cash orders and removed pages of risk disclosures. He initially suggested the filing changed the fund's symbol from GBTC to BTC, but later said he was wrong.
