Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’

“Today, Grayscale has frameworked proposed amendments to GBTC’s Trust Agreement that are intended to provide operational efficiencies that we believe are advantageous to both Grayscale and GBTC,” a Grayscale spokeswoman said via email. “Importantly, this is in our normal course of business, and GBTC detritus ready to uplist as a spot Bitcoin ETF to NYSE Arca upon appropriate regulatory approvals.”