In order to list the shares of Grayscale Bitcoin Trust (BTC), Grayscale Investments filed an appeal with the US Securities and Exchange Commission in the form of a registration statement on Form S-3. This will come under the 1933 Securities Act.
It is customary for issuers to submit a registration on Form S-1 for their initial public offering of equity securities that are listed under the Securities Act. Due to the fact that Form S-3 is a brief filing that makes reference to SEC disclosures and reports, it was made possible for GBTC to use it. This is because its shares were listed in accordance with the Securities Exchange Act of 1934 and met the requirements of the form.
Before GBTC becomes an ETF and releases shares in a registered manner in line with Form S-3, approval for the NYSE Arca’s 19b-4 application and the Form S-3 to be deemed feasible by the SEC is required.
It is important to remember that GBTC is completely ready to convert to an ETF once it receives the required approval. Grayscale will work in perfect harmony with the SEC, keeping the interests of GBTC’s investors in mind.
GBTC will hold off on drawing any sort of inferences about the result. Additionally, the corporation will refrain from offering its shares and instead wait for approval.
In response to the offering, Grayscale Bitcoin Trust (GBTC) has submitted an appeal to the SEC in the form of a registration statement. Before investing, the Trust advises reading the prospectus included in the registration statement. The many other attachments that GBTC submitted to the SEC are also included. The records are available on the SEC’s official website through EDGAR.
The majority of investments made in digital assets are speculative and involve significant risk. This could manifest as a partial or total loss of the investments that were made.