{"id":408646,"date":"2022-02-22T21:35:00","date_gmt":"2022-02-22T18:35:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/grayscale-launches-campaign-to-encourage-public-comments-on-bitcoin-etf-application\/"},"modified":"2022-02-22T21:35:00","modified_gmt":"2022-02-22T18:35:00","slug":"grayscale-launches-campaign-to-encourage-public-comments-on-bitcoin-etf-application","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/grayscale-launches-campaign-to-encourage-public-comments-on-bitcoin-etf-application\/","title":{"rendered":"# Grayscale launches campaign to encourage public comments on Bitcoin ETF application"},"content":{"rendered":"<p>&#8220;<strong># Grayscale launches campaign to encourage public comments on Bitcoin ETF <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvZGY5OTZjMTYtNDcwMy00NmFkLWEwZjItYWVkYjBjMjBhYWM0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>As the U.S. Securities and Exchange Commission is considering whether to approve or deny asset manager Grayscale\u2019s application for a Bitcoin spot exchange-traded fund (ETF), the firm has called on American investors to submit comments to the regulator.<\/p>\n<p>In a Tuesday <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> thread, Grayscale CEO Michael Sonnenshein <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Sonnenshein\/status\/1496107890209443845\">announced<\/a> the launch of an advocacy campaign for U.S.-based investors to speak their minds to the SEC before any final decision is reached on the Bitcoin (BTC) investment vehicle. Since the NYSE Arca filed with the regulatory body on Oct. 19 to list shares of Grayscale\u2019s Bitcoin ETF under the ticker GBTC, the commission has delayed its decision on Dec. 15 and again on Feb. 4.<\/p>\n<p>\u201cThis campaign aims to educate and inspire the investment community to take action and make their voices heard on this historic decision,\u201d said Sonnenshein.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\">@Grayscale<\/a> announced the launch of a new public campaign to encourage American investors to submit comments on our application with the SEC to convert <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GBTC<\/a> to a Spot Bitcoin ETF.<\/p>\n<p>\u2014 Sonnenshein (@Sonnenshein) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Sonnenshein\/status\/1496107890209443845?ref_src=twsrc%5Etfw\">February 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to Grayscale\u2019s chief legal officer Craig Salm, the firm has already <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CraigSalm\/status\/1496115102873010186\">received<\/a> more than 200 letters in support of the SEC allowing the firm to convert its Bitcoin Trust into a physically-backed fund. Salm said some of the common themes from the feedback included calling a crypto ETF \u201cin the public\u2019s best interest,\u201d allowing the United States to stay competitive with innovative investment vehicles, and calling out the SEC\u2019s \u201cnonsensical\u201d approach in approving ETFs linked to Bitcoin futures but not BTC spot ETFs.<\/p>\n<p>The Feb. 4 deferment from the SEC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/rules\/sro\/nysearca\/2022\/34-94151.pdf\">opened<\/a> the floor to \u201cinterested persons to provide comments on the proposed rule change\u201d for Grayscale\u2019s BTC spot ETF. The regulatory body has the ability to extend the deliberation window up to 240 days from when the proposed rule change was published in the Federal Register on Nov. 8, meaning the SEC should reach a decision before July 6, 2022. <\/p>\n<p>To date, the SEC has not approved any investment vehicle with direct exposure to crypto. Grayscale filed an application to restructure its Bitcoin Trust into an ETF in October shortly after the SEC approved ProShares\u2019 Bitcoin Strategy ETF for listing on the New York Stock Exchange and shares of crypto-asset manager Valkyrie\u2019s Bitcoin ETF fund on the Nasdaq Stock Market.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Here\u2019s why the SEC keeps rejecting spot Bitcoin ETF applications<\/em><\/strong><\/p>\n<p>If approved by the SEC, Grayscale would have the first publicly listed Bitcoin spot ETF available in the United States. This year, the regulator has already rejected applications for Fidelity\u2019s Wise Origin Bitcoin Trust and First Trust SkyBridge Bitcoin ETF Trust but is expected to reach a decision on NYDIG\u2019s spot Bitcoin ETF and \u200b\u200basset manager Stone Ridge Holdings Group\u2019s BTC ETF in March.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/grayscale-launches-campaign-to-encourage-public-comments-on-bitcoin-etf-application\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Grayscale launches campaign to encourage public comments on Bitcoin ETF application &#8221; As the U.S. Securities and Exchange Commission is considering whether to approve or deny asset manager Grayscale\u2019s application for a Bitcoin spot exchange-traded fund (ETF), the firm has called on American investors to submit comments to the regulator. In a Tuesday Twitter&#8230;<\/p>\n","protected":false},"author":1,"featured_media":408647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvZGY5OTZjMTYtNDcwMy00NmFkLWEwZjItYWVkYjBjMjBhYWM0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,75849,76550,74898,117,73711],"class_list":["post-408646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-etf","tag-grayscale","tag-sec","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/408646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=408646"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/408646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/408647"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=408646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=408646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=408646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}