Grayscale “committed” to receiving GBTC approval from SEC

						Array
(
    [conclusion] => Array
        (
            [0] => 
        )

    [post_sponsor_aff_link] => Array
        (
            [0] => 
        )

    [casino_url] => Array
        (
            [0] => 
        )

    [casino_street_address] => Array
        (
            [0] => 
        )

    [casino_post_code] => Array
        (
            [0] => 
        )

    [year_founded] => Array
        (
            [0] => 
        )

    [withdrawal_limit] => Array
        (
            [0] => 
        )

    [reviewrating] => Array
        (
            [0] => 
        )

    [bestrating] => Array
        (
            [0] => 
        )

    [cgn_score] => Array
        (
            [0] => 
        )

    [casino_key_feature_1] => Array
        (
            [0] => 
        )

    [casino_key_feature_2] => Array
        (
            [0] => 
        )

    [casino_key_feature_3] => Array
        (
            [0] => 
        )

    [bonus_text_top] => Array
        (
            [0] => 
        )

    [bonus_text_bottom] => Array
        (
            [0] => 
        )

    [casino_review_reference] => Array
        (
            [0] => 
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_thumbnail_id] => Array
        (
            [0] => 14900
        )

    [ppma_authors_name] => Array
        (
            [0] => Isabella Aslam
        )

)

Last Update: September 21, 2022

2 mins read

Grayscale CEO Michael Sonnenshein wrote a letter to investors today to announce that the company is “unequivocally committed” to getting the Grayscale Bitcoin Trust (GBTC) converted to an exchange-traded fund (ETF) ahead of the Securities and Exchange Commission (SEC)’s final deadline on Wednesday, July 6.

After what seems like a long-haul battle for Grayscale, the SEC’s final decision will be made next week on whether to approve the cryptocurrency asset management firm’s request to covert its fund into an ETF.

Sonnenshein’s letter to the investors explained the steps the company had taken to warrant the right to conversion.

Such steps included creating “strategic partnerships,” a “microsite with a corresponding QR code to serve as an educational resource about our efforts to convert GBTC to an ETF,” a “major campaign to drive people to the microsite—taking over billboards from DC. to NYC, digital signage in airport lounges throughout the country, and print advertising in national newspapers,” to name a few.

It has been said that many still believe that the SEC will not grant Grayscale the permission needed for its much-wanted EFT. For months the company have pushed for the green light to convert its crypto investment firm’s $40bn Bitcoin (BTC) trust. 

Sonnenshein allegedly said he would sue the SEC if it did not grant the correct approval, according to Bloomberg.

If you want to play the best games and play them safely, the best crypto gaming options out there are Bitcasino, 1xBit, and FortuneJack.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
TRADING UPDATE: Solana meme coins, BONK, and a mega-bullish Bitcoin
Revolut Crypto Quiz Answers: Earn iExec (RLC)

Similar News

metaverse 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 5226
            [name] => metaverse
            [slug] => metaverse
            [term_group] => 0
            [term_taxonomy_id] => 5226
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 93
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5246
            [name] => NFT
            [slug] => nft
            [term_group] => 0
            [term_taxonomy_id] => 5246
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 308
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5172
            [name] => sport
            [slug] => sport
            [term_group] => 0
            [term_taxonomy_id] => 5172
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

)

MeetKai and Meta-Stadiums unveil FIFA sports metaverse

07/12/2023|08:39

MeetKai, a leading events metaverse player, joined forces with Meta-Stadiums, an entertainment, gaming, and NFT metaverse platform, to introduce a...
Kick 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 8341
            [name] => Kick
            [slug] => kick
            [term_group] => 0
            [term_taxonomy_id] => 8341
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 23
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 374
            [name] => Stake.com
            [slug] => stake-com
            [term_group] => 0
            [term_taxonomy_id] => 374
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 59
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 4593
            [name] => streaming
            [slug] => streaming
            [term_group] => 0
            [term_taxonomy_id] => 4593
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 25
            [filter] => raw
        )

)

Kick streamer Jon Zherka faces ban amid controversy

07/12/2023|08:09

Controversial streamer Jon “Zherka” has been handed a temporary suspension on Kick. The streaming platform with ties to crypto gambling...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2400
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 3357
            [name] => gambling
            [slug] => gambling
            [term_group] => 0
            [term_taxonomy_id] => 3357
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 494
            [filter] => raw
        )

)

Sniper Marketplace boosts NFT choices with $CROWN and $DGEN...

07/12/2023|07:32

Sniper Marketplace has seamlessly incorporated $CROWN and $DGEN support for NFT transactions. This integration, powered by Jupiter, Jito Labs, and...