Grayscale urges the U.S. SEC to expedite the review of the GBTC conversion to ETF application

ChainCatcher news, Grayscale tweeted that its legal team has sent a letter to the U.S. Securities and Exchange Commission (SEC), which includes important information to consider in deciding the next steps for GBTC. It states that the "pending time for the 19b-4 rule submission for GBTC is nearly three times the time allowed for the Commission to take action under Section 19(b) of the Exchange Act." GBTC is ready to operate as a Bitcoin ETF once approved by the regulatory authorities and looks forward to further constructive engagement with the SEC.