In 2013, the Bitcoin Investment Trust was declare by Grayscale Investments LLC. It says NYSE Arca extracted the application pending before the Securities and Exchange Commission to list the Trust shares.
Two similar “Rule 19b-4” applications in March to bring to market a first-of-its-kind product tracking bitcoin. However, it was denied by SEC.
It says, “the withdrawal will not affect the Trust’s quotation on the OTCQX”.
Bitcoin can be used globally to move money around the world quickly and with relative anonymity without the need for a central authority such as a bank or government.
NYSE was not instantly grasp for comment outside regular business hour.