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Grayscale CEO Expects Decision on Attempt to Overturn SEC's ETF Rejection by End of 3Q

Grayscale expects to learn by the end of the third quarter whether it will be allowed to turn its $2.7 billion Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund, the asset manager’s CEO, Michael Sonnenshein said.

The Securities and Exchange Commission (SEC) last year turned down the asset manager's request to convert the biggest bitcoin trust into an ETF. 

Grayscale then sued the SEC over that decision, and its CEO, Sonnenshein, said Wednesday that he anticipates a decision in that case by the end of September.

Grayscale GBTC SEC
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