Grayscale has taken a significant step by filing an amended S-3 form with the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin Exchange-Traded Fund (ETF).
Grayscale CEO Michael Sonnenshein recently commented on his X (formerly Twitter) account, stating, “big work week.” This statement is perceived as suggesting the potential for a Bitcoin spot ETF approval this week.
