Grayscale amends ETF strategy to meet SEC cash-only redemption demands

Crypto asset manager Grayscale filed a revised S-3 filing with the United States Securities and Exchange Commission (SEC) on Dec. 26 to comply with the regulator’s demands for cash-only creation for the fund redemptions. This amendment means Grayscale will facilitate fund creation and redemption using cash, mirroring similar decisions taken by other spot Bitcoin ETF applicants, […] source: https://cryptoslate.com/grayscale-amends-etf-strategy-to-meet-sec-cash-only-redemption-demands/