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OTCbid - Grayscale Moves Forward With Spot Bitcoin ETF Plan 

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" Grayscale Investments said it has taken another step toward converting its $18 billion bitcoin trust into an exchange-traded fund that owns bitcoin.

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Grayscale on Thursday filed a form S-3 with the Securities and Exchange Commission to register its bitcoin trust as a product under the Securities Act of 1933. The filing comes after the SEC decided not to appeal a court ruling that the agency failed to adequately justify its denial of the ETF conversion.

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The Grayscale Bitcoin Trust narrowed its discount to the underlying value of the bitcoin it holds to 13% on Wednesday, according to YCharts.

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Source:​ WSJ

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200K BTC SELLER IN GENEVA

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NEW: 200K BTC @ -10% Gross, -5% Net,  Tether (USDT ERC-20/TRC20), Bank, Escrow, Zurich - Look For Buyer

(Seller : KRICH SHOO-LINK)

Post: 20.10.23

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• Seller is selling 200K BTC @ -10% Gross, -5% Net.

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• Buyer = 5%

• Buyerside = 1.5% 

• Sellerside = 1.5% 

• Buyer Intermediaries = 0.5%

• Seller Intermediaries = 0.5%

• Escrow = 1%​

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• PROCEDURE :

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• Prerequisites:

• Invoice or SPA, including IMFPA, signed by both parties.

• Buyer and seller agree to tranche schedule.

• Seller and buyer appoint a mutually agreed upon escrow attorney for the transaction. Funds via recent screenshot of the buyer's USDT wallet or public wallet address.

• Coins of the seller’s BTC wallet.

• Seller sends a screenshot of his bitcoin wallet or public wallet address.

• All parties sign and return executed agreement to ESCROW AGENT.

• All parties provide documentation to ESCROW AGENT to pass KYC and AML checks.

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• Tranche transaction:

•  Escrow attorney creates a new wallet (Atomic or Trust or Coinbase) on a zoom call for approval by the other party. Wallet must be decentralized/non-custodial/cold. No Exchanges and no custodial wallets accepted for a security reason.

• The escrow agent provides the buyer and seller with the wallet address, but the escrow attorney retains the passwords, as applicable.

• The buyer sends the first tranche of USDT to the escrow attorney’s new wallet.

• i. Escrow attorney confirms receipt of USDT in his wallet and sends screenshots to the seller.

• ii. The seller verifies a wallet via blockchain explorer online.

• Seller subsequently sends BTC to the escrow attorney's wallet.

• i. Escrow attorney confirms receipt of BTC in his wallet and sends screenshots to the buyer.

• ii. The buyer verifies a wallet via blockchain explorer online.

• The escrow Agent conducts forensics on USDT and BTC.

• The escrow Agent sends USDT to the seller.

• The escrow Agent sends BTC to the buyer.

•  Escrow Agent shall pay the sales commissions as per the instructions outlined herein in Annex D. Steps c) to h) are repeated until 200,000 BTC transaction is complete.

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• BUYER MANDATE ONLY

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Interested parties should contact :

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• OTCbid@gmail.com

• DM Raymond Chai (on Linkedin) - https://www.linkedin.com/in/raymondchai/

• OTCbid.com