Grayscale is suing the SEC after its spot bitcoin ETF was rejected
— Sec said wednesday, Received notice, Rejected, Grayscale investments, Spot etf, Us regulator rejected, Conversion, Sec rejected grayscale, Approval, Convert gbtc — 1 min read
SEC rejected Grayscale's bid to list a spot bitcoin ETF in October 2021. The SEC said Wednesday the crypto investment firm had failed to answer questions on market manipulation. The firm filed a petition with the US Court of Appeals after the SEC rejected its bid for a bitcoin ETF. Grayscare said it is "deeply disappointed" and does not agree with the SEC's decision to reject its bid. The regulator rejected Bitwise's application to list an exchange-traded bitcoin spot bitcoin exchange last week. READ: Bitcoin futures are likely to be approved by the SEC this year, but not by Bitwise, according to experts in the industry. Read: How the SEC is likely to approve a bitcoin futures ETFs this year and why the race to launch Source