SEC Rejects Grayscale’s Spot Bitcoin ETF Application

Grayscale Investments’ application to convert its $13.5 billion Grayscale Bitcoin Trust into a spot-based bitcoin ETF was denied by the SEC on Wednesday despite the company’s extensive efforts to win approval .that the application failed to answer the SEC's questions about preventing market manipulation, as well as other concerns.on Wednesday of Bitwise’s application for approval of a spot bitcoin ETF.

Proponents of a spot bitcoin ETF approval have argued that the product would offer a low-cost and easily accessible way for individuals and institutions to invest in bitcoin. And optimism about an approval began to grow following the approval of several bitcoin futures-based ETFs last fall, and then that of two more futures ETF approvals earlier this year, the same act that spot bitcoin ETFs have been filed under.

For its part, Grayscale has argued forcefully that it is inconsistent to approve an ETF based on bitcoin futures but not allow one based on the underlying investment. Some of its efforts have included marketing to urge members of the public to voice their support to the SEC, a

Source: Digital Coin News (digitalcoinnews.net)

SecNews Grayscale mikeybellusci They should do a total market cap etf instead.

SecNews Grayscale mikeybellusci Maybe try tagging the real SECGov

SecNews Grayscale mikeybellusci Best news Iv herd all year.

SecNews Grayscale mikeybellusci Brace for impact!! Ready with the bags..... 😅😅😅

SecNews Grayscale mikeybellusci The history of mankind is complicated. It is full of glory and triumph, but there are also plenty of events that may make you uncomfortable. Watch the full video here: Follow HyperNation8 & HyperNFTpro for more! utopia metaverse ubi MrH HyperNation8

SecNews Grayscale mikeybellusci Short it team

SecNews Grayscale mikeybellusci I believe they have set a precedent. The whole charade will be good for Bitcoin. Then in the end an ETF will exist. 🙈🙊🙉

SecNews Grayscale mikeybellusci Sue em!!

SecNews Grayscale mikeybellusci Need to replace GaryGensler

SecNews Grayscale mikeybellusci is there a reason why they’re rejecting these etf’s?

SecNews Grayscale mikeybellusci Grayscale announcement on lawsuit by next week.

SecNews Grayscale mikeybellusci i thought the hearing was supposed be on 7th July

fabian70813 SecNews Grayscale mikeybellusci

SecNews Grayscale mikeybellusci They’re trying to keep the price down while they try to figure out how to control it.

SecNews Grayscale mikeybellusci RIP.

SecNews Grayscale mikeybellusci I'll approve unlimited products to short btc though. Also, I'll basically do anything the highest bidder wants. Grayscale 's offer was just too low to accept.

SecNews Grayscale mikeybellusci Yum yum lawsuit coming

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U.S. SEC rejects Grayscale's spot bitcoin ETFThe 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. CalvinAyre good. they are a monopoly scam they dont even promote the original code, nor do they back the true inventor
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Grayscale reports 99% of SEC comment letters support spot Bitcoin ETFWill a pending application and 11,400 letters to the SEC make Grayscale the first spot BTC ETF in the United States? According to the firm “99.96 percent of those comment letters were supportive of Grayscale’s case”. Froginutoken *🐸X99🐸X999🐸* Ask him abt the 60 k XRP holders matter Froginutoken 🐸X100🐸X1000🐸!
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Grayscale Sues SEC Over Bitcoin ETF Application RejectionJUST IN: Grayscale has sued the SECNews for rejecting its bitcoin ETF conversion application, arguing that it's treating spot and futures-based bitcoin ETF applications differently. nikhileshde reports Grayscale SecNews nikhileshde Haha that is funny Grayscale SecNews nikhileshde Grayscale SecNews nikhileshde SPOILER ALERT: trying to get Boomer CeFi to adopt bitcoin and crypto is f*cking ret*rded
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BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejectionGrayscale has been denied its application to convert its Grayscale Bitcoin Trust into a spot-based Bitcoin ETF. In response it has initiated a lawsuit to challenge the decision. The same people that told you the vaccine was good for you are telling you GBTC is bad for you. They are the problem. Got it?
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Skybridge Capital Exec on Spot Bitcoin ETF Filing, Bitcoin OutlookAnthony Scaramucci's Skybridge Capital is reportedly filing for a spot bitcoin ETF with the SEC after being rejected earlier this year. This comes as Grayscale awaits an SEC decision on converting its GBTC to an ETF. SkyBridge Capital Partner John Darsie shares his insights and his crypto markets outlook.
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Institutional crypto asset products saw record weekly outflows of $423MNotably, investment products offering exposure to shorting the price of BTC generated the largest weekly inflows at $15.3 million as the ProShares short Bitcoin ETF went live. Probably because they had so much leverage they were force to sell like noobs! Froginutoken 🐸X100🐸X1000🐸!.
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