WisdomTree and Invesco Galaxy Spot Bitcoin (BTC) ETF Functions Delayed by SEC



Choose Neomi Rao, writing for the unanimous courtroom, mentioned the SEC’s denial of the applying was inconsistent with the approval of a pair of bitcoin futures ETFs, and didn’t clarify why it considered a majority of these merchandise in another way given the underlying bitcoin market had a “99.9% correlation” between spot and futures market costs. Grayscale’s argument that its proposed ETF was “materially related” to the futures ETFs received.

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