Grayscale Submits New S-3 Filing Documents for GBTC’s Application to Convert to Spot Bitcoin ETF

On November 23rd, Bloomberg ETF analyst James Seyffart posted that Grayscale has submitted a new S-3/prospectus for the conversion of GBTC to ETF, and the biggest update is the plan to change the stock code from "GBTC" to "BTC". This confirms that Grayscale is negotiating with the SEC and updating/changing its product documents after discussing and receiving feedback from the SEC.