U.S. SEC Rejects Grayscale Bitcoin Spot ETF Application

Summary by Ground News

Grayscale Investments has announced a legal challenge to the latest rejection of its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund (ETF) The Securities and Exchange Commission rejected the application on June 29 citing the proposal failed to demonstrate how it is designed to prevent fraudulent and manipulative acts and practices. A similar decision was also made on Wednesday regarding Bitwise’s Bitcoin exchange -traded product (ETP)

1 month ago·New York, United States

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Reuters

U.S. SEC Rejects Grayscale Bitcoin Spot ETF Application

[29th Reuters] - The U.S. Securities and Exchange Commission (SEC) announced on the 29th that the listing linked to the spot price of the crypto asset (virtual currency) Bitcoin, applied for by the world's largest digital asset management company Grayscale The listing plan for mutual funds (ETFs) was rejected. Grayscale proposed that the ETF be listed on the NYSE Arca Exchange, which is under the umbrella of the Intercontinental Exchange. The SE…

1 month ago·United Kingdom

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IBTimes

Grayscale's Initiates Lawsuit Against SEC After Rejection Of BTC Spot ETF

Grayscale and Bitwise's applications for Bitcoin spot ETF approval were rejected by the SEC and the former has sued the financial authority for the same.

1 month ago·United States

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CNBC

Grayscale sues SEC after rejection of bid to turn the largest bitcoin fund into an ETF

The U.S. Securities and Exchange Commission cited a failure by Grayscale to answer questions about concerns around market manipulation.

1 month ago·United States

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Channel News Asia

US SEC rejects Grayscale's spot bitcoin ETF

The U.S. securities regulator on Wednesday rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world's biggest digital asset managers, on the NYSE Arca exchange.Grayscale responded with a legal challenge to the decision, the latest in a series of rejections of pr

1 month ago·Singapore

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Financial Post

U.S. SEC rejects Grayscale’s spot bitcoin ETF

The U.S. Securities and Exchange Commission on Wednesday rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world's biggest digital asset managers, on Intercontinental Exchange Inc's NYSE Arca exchange.

1 month ago·Canada

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Money Control.com

US SEC rejects Grayscale's spot bitcoin ETF

Grayscale's proposal by NYSE Arca did not meet the standards for exchanges designed to prevent fraudulent and manipulative practices and protect investors and the public interest, the regulator said in a filing.

1 month ago

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