Executives from Grayscale have had a meeting with the Securities and Exchange Commission (SEC) to discuss plans for its main Bitcoin trust, which the firm hopes to turn into a Bitcoin exchange-traded fund (ETF).
In a Nov. 20 memo from the SEC, it was revealed that Grayscale CEO Michael Sonnenshein, legal chief Craig Salm, ETF head Dave LaValle, and four other executives, along with five representatives from the Davis Polk law firm, met with the SEC’s division of trading and markets.
The meeting revolved around NYSE Arca, Inc.’s proposed rule change to list and trade the Grayscale Bitcoin Trust shares under NYSE Arca Rule 8.201-E.
According to a filing shared by Bloomberg ETF analyst James Seyffart, Grayscale has entered a Transfer Agency and Service Agreement with BNY Mellon.
The bank will serve as the agent for the Grayscale Bitcoin Trust (GBTC), handling the issuance and redemption of shares and maintaining shareholder accounts.
