Investors Stuck in Biggest Bitcoin Fund Flood SEC With Letters
- More than 170 letters on Grayscale GBTC submitted this month
- U.S. regulators have repeatedly denied spot Bitcoin ETF launch
This article is for subscribers only.
U.S. Securities and Exchange Commission officials have nearly 200 new pen-pals.
More than 170 letters have been submitted to the agency in February following a tweet from Grayscale Investments LLC encouraging people to share their thoughts on the firm’s application to convert the $26 billion Grayscale Bitcoin Trust (ticker GBTC) into an exchange-traded fund. That compares to just 14 from when a filing was made in October for the change, through the end of January.