SEC reiterates decision to reject Grayscale bitcoin spot ETF

The Securities and Exchange Commission has repeated its stance to reject Grayscale’s bid to launch a bitcoin ETF.

The SEC says such products are prone to fraud and manipulation, court records show, and reported by the Financial Times.

Grayscale claimed over the summer that the SEC was applying an unfair double standard by allowing bitcoin futures ETFs, but denying proposals for ETFs that invest in spot bitcoin.

The SEC’s first response to…


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