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



“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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