Grayscale Investments filed a new registration statement with the Securities and Exchange Commission in its ongoing attempt to convert its Grayscale Bitcoin Trust into a spot bitcoin ETF after a D.C. circuit court's ruling directing the regulator to re-review the firm's application. The asset manager on Thursday morning submitted an S-3 filing, a shortened version of the typical S-1 filing used to offer new shares. Grayscale's latest move comes as other big name asset managers including BlackRock and Fidelity are seeking approval for spot bitcoin ETFs from the SEC. Grayscale said it was eligible to use Form S-3 for ... (full story)

Today, Grayscale Investments filed with the U.S. Securities and Exchange Commission (SEC) a registration statement on Form S-3 to register shares of Grayscale Bitcoin Trust (BTC)* (OTCQX: GBTC) under the Securities Act of 1933, as amended (the “Securities Act”). Typically, issuers file a registration statement on Form S-1 for their initial public offering of equity securities registered under the Securities Act. GBTC, however, is eligible to use Form S-3, a shorter filing that incorporates by reference its SEC disclosures and reports, because its shares have been registered under the Securities Exchange Act of 1934 ... (full story)