Grayscale filed its latest amended spot Bitcoin ETF application with the SEC but left out details of authorized participants permitted to create and redeem shares.
Cryptocurrency asset manager Grayscale has filed an amended Bitcoin exchange-traded fund (ETF) application without listing authorized participant details.
Bloomberg’s senior ETF analyst Eric Balchunas flagged the amended filing on X (formerly Twitter), noting that the company had clarified that authorized participants in its proposed ETF could only pay and receive cash for shares.
Balchunas commented further, indicating that it was unclear why Grayscale had deliberately omitted its authorized participants while other firms had clarified these details.
