U.S. SEC Rejects Grayscale Bitcoin Spot ETF Application
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30 Articles
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…
Major Bitcoin ETF Legal Battle Begins as Grayscale Sues SEC
One of the biggest bitcoin (BTC) and crypto investment companies, US-based Grayscale Investments, sued US Securities and Exchange CoCommissionmmision (SEC) after it rejected its application to convert the Grayscale Bitcoin Trust (GBTC), the world's largest BTC fund, to a spot exchange-trading fund (ETF).
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