Grayscale: GBTC is ready to operate as an ETF after regulatory approval.

In a BlockBeats report on September 6th, Grayscale wrote to the US Securities and Exchange Commission (SEC) stating that the review time for the 19b-4 document to convert GBTC to a physical Bitcoin ETF has exceeded the standard time by three times. GBTC is prepared to operate as an ETF after receiving approval from regulatory authorities.