War Over Spot Bitcoin ETF! Grayscale Is Suing SEC

The SEC on Wednesday rejected Grayscale Investments’ request to convert its $13.5 billion Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The SEC said in its ruling that it had not received answers to questions about preventing market manipulation, as well as explanations for other concerns included. The decision to reject Grayscale’s application was made along with the…
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