Grayscale files form to become first Bitcoin fund to Report to SEC

[S.coastapps]

On November 19, 2019 the Grayscale company filed a securities registration form if this filed form was approved then the company would see its popular Bitcoin trust product as it becomes the first-ever digital currency investment product to be regulated by SEC.

“Thia filing is the latest step on the road to regulatory maturity for digital currencies” according to Grayscale press release sent to Bitcoin magazine

The firm noted that “Accredited investors who have previously purchased shares in Trust’s private placement would have an earlier liquidity opportunity, as the statutory holding period of their private placement shares would be reduced from 12 to 6 months”

Source: TheCoinRepublic