12.01.2021

Grayscale Attorneys ask SEC for Bitcoin ETF Approval

Attorneys for Grayscale, the digital currency asset manager, have sent a letter to the US Securities and Exchange Commission arguing that the regulator’s approval of bitcoin futures exchange-traded funds, but not bitcoin spot-based ETFs, is “arbitrary and capricious,” and in violation of the Administrative Procedure Act (APA).

Related articles

  1. The US SEC has not approved spot bitcoin ETFs.

  2. The SEC rejected VanEck's application for a spot bitcoin ETF.

  3. Non-deliverable forwards are seen as a gateway to crypto for traditional financial institutions

  4. The bitcoin ETP from the provider of institutional-grade, digital asset-backed securities has gathered $1.6bn.

  5. The SEC has yet to approve a spot bitcoin ETF.