It is reported online that the SEC will be asked to provide a timetable for approving the conversion of Grayscale ETF on Friday.
This information is not accurate enough, please correct it for everyone.
The original article was written by a court in Washington, D.C., requesting the SEC to provide a timetable for approving the Grayscale ETF conversion later on Friday, U.S. time. In other words, the SEC must make a clear position and provide sufficient information if it refuses. Reason, if it is agreed, then Huidu needs to resubmit for review and then schedule time for review.
The longest review period will be 240. In the worst case, Grayscale may be delayed for 240 days to pass. This is just a possibility.
The Friday reported online is US time, and the correct Chinese time is Saturday. Everyone should pay attention to avoid the risk of fluctuations in the market.
