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SEC Has ‘No Grounds’ to Reject Bitcoin ETF Conversion, Grayscale Says

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“After the Fee has had the chance to totally analyze the court docket’s opinion in gentle of the file, together with the explanations for rejection set forth … we consider the Fee ought to conclude that there are not any grounds for treating the Belief in a different way from ETPs that spend money on bitcoin futures contracts,” Grayscale’s authorized crew wrote in a letter to the regulator on Tuesday.



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