Grayscale Meets with SEC Again to Discuss GBTC Matters

On December 21, Bloomberg ETH analyst James Seyffart tweeted, "Grayscale meets with SEC again to discuss matters related to GBTC. Grayscale continues to push for in-kind redemption." James further stated, "I'm pretty much fully on the side of Grayscale, BlackRock, and other issuers who have pushed or are pushing for in-kind redemption. It's a simpler, more efficient way to run an ETF." Earlier, on December 7, Grayscale CEO Michael Sonnenshein expressed optimism about the company's discussions with the U.S. SEC regarding the potential launch of a Bitcoin spot ETF. In an interview, he mentioned, "We're optimistic. We've been actively engaged with the SEC, and the feedback we've received from them suggests that the SEC wants to be part of solving this and is eager to make progress on this issue."