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According to a report by AMBCrypto, Techub News reports that Grayscale has filed a revised S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin ETF, a key step in converting GBTC into an ETF. This revision aims to update GBTC's registration from a trust structure to an ETF structure, complying with the standard requirements outlined in the SEC's previous application. Grayscale CEO Michael Sonnenshein stated that the company is actively cooperating with the SEC to advance this process. Market analysts believe this move indicates Grayscale is working diligently to meet regulatory requirements in hopes of ultimately obtaining approval.