The other day, Fidelity also submitted its Form 8-A to the SEC shortly before the ETF decision.
This filing is a registration that allows ETF issuers to trade on the stock exchange once the product is approved.
Grayscale accelerated its efforts to convert its GBTC product into a spot Bitcoin ETF following a favorable court ruling last August.
In a statement, a Grayscale spokesperson said:
"Grayscale continues to work in cooperation with the SEC to list GBTC as a spot Bitcoin ETF on the NYSE."
The cryptocurrency industry is waiting for a decision from the SEC. According to Fox reporter Eleanor Terrett the other day, the SEC plans to announce its decision on Friday.