The U.S. SEC has begun conversations with Grayscale Investments regarding the conversion of spot Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has opened conversations with Grayscale Investments (Grayscale) over the details of its application to convert its trust product GBTC into an ETF, which could have a significant impact on the crypto industry, according to a person familiar with the parties’ dealings. The industry is eagerly anticipating the SEC's approval of one or more ETF applications, arguing that this moment may simplify the path to digital assets for everyday investors. Since winning the court battle, Grayscale has been in contact with the SEC’s Division of Trading and Markets and the Division of Corporate Finance, and the conversations remain private, said the person, who requested anonymity. (Coindesk)