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10/16, 1:03 AM (Source: TeleTrader)
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Grayscale to file for spot Bitcoin ETF approval - report

Grayscale Investments, LLC is planning to ask for the United States Securities and Exchange Commission's (SEC) approval to transform its Bitcoin fund into a spot Bitcoin exchange-traded fund (ETF), CNBC reported, citing a person with knowledge on the matter.

The application, expected early next week, would kick off a "75-day review period," the outlet's source explained.

Earlier today, the SEC approved the country's first Bitcoin futures ETF, issued by ProShares.

Baha Breaking the News (BBN) / BU