Grayscale Investments has taken another step forward in its journey to transform the Grayscale Bitcoin Trust GBTC into a spot Bitcoin BTC/USD ETF, by lodging a new registration document with the Securities and Exchange Commission (SEC).

This action follows the directive of a D.C. circuit court, urging the regulator to take another look at Grayscale’s proposal.

On Thursday morning, the asset management company presented an S-3 filing, a condensed variant of the standard S-1 filing typically utilized for new securities offered by companies in the U.S. before they can be listed on a national exchange.

This latest initiative by Grayscale comes amid efforts by other leading asset management…

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