#Grayscale submitted a fresh application to the Securities and Exchange Commission for its Grayscale Bitcoin($BTC) Trust as it seeks to obtain one of the first spot Bitcoin ETFs in the US.

The application, filed Thursday, is laying the groundwork for the company's Grayscale Bitcoin Trust ($GBTC) digital currency investment product to operate as a spot Bitcoin ETF listed on the New York Stock Exchange, pending SEC approval of its S-3 form.

GBTC is ready to operate as an ETF once it receives these regulatory approvals, and Grayscale is eager to work cooperatively and promptly with the SEC on these matters on behalf of GBTC's investors.