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Grayscale bid for spot Bitcoin ETF rejected by SEC

Grayscale bid for spot Bitcoin ETF rejected by SEC

Grayscale Investments is pushing back against the U.S. Securities and Exchange Commission after the regulator denied the firm’s bid to turn the world’s largest Bitcoin fund into an exchange-traded-fund. The SEC stated in its decision that the company’s application to turn the Grayscale Bitcoin Trust into a spot Bitcoin ETF failed to answer the agency’s questions surrounding concerns about market manipulation.








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