Key Takeaways
Grayscale files an amended S-3 filing for a Bitcoin ETF, coinciding with Barry Silbert’s resignation from the company;
Speculation arises that Silbert’s departure is part of a strategy to enhance the ETF’s chances of SEC approval amid an ongoing SEC investigation;
Grayscale’s shift to a cash creation model in its ETF filing raises questions about its viability and potential risks for investors, given the SEC’s focus on investor protection.