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ETF Update: Our Recent SEC Meeting

Last Update 05/11/2022

As part of our filing to convert our flagship product, Grayscale® Bitcoin Trust (OTCQX: GBTC), to a Spot Bitcoin ETF, there’s a standard 240-day open review period. To date, over 4,000 comments have been submitted to the Securities and Exchange Commission for consideration as part of this process. 

But we’re not just relying on you to advocate. We continue to maintain an open and regular dialogue with regulators and policymakers as we look ahead to July 6th. In fact, last month we again met with the SEC to make our case.

You can download our full presentation to the SEC here, but here are some of the highlights: 

1. Investor interest in crypto is high, and an ETF would make it easier to invest. 

We know this from reading the 4,100+ comments on our application to convert GBTC to an ETF, but third party research backs this up.
  According to The White House, approximately 16% of adult Americans – more than 40 million people – have invested-in, traded, or used cryptocurrencies. (Source)  


2. GBTC has grown to become the largest publicly traded digital asset fund and a top commodity fund, with over 865,000 investors.


GBTC has a strong history of asset growth, is a top 3 commodity fund by AUM and a top 10 commodity fund by liquidity.

Source: Grayscale, Bloomberg (As of March 31, 2022)

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