investment giant grayscale, Filecoin ( ELEPHANT) ETFwithdrew its application and ELEPHANTHe stated that he did not believe that it was a security.
Grayscale, the world’s largest digital asset management company, has introduced the most talked about securities issue of recent days. grayscale, SECmade to FIL ETF withdrew its application. However, the investment giant still does not consider FIL to be a security.
Grayscale Addresses Securities
investment management giant grayscale, Filecoin ( ELEPHANT) ETFHe shared a blog post about withdrawing his application. grayscaleexplained what happened during the ETF process.
grayscale stated that it is in contact with the SEC in order to provide transparency to its investors and address risk disclosures. Addressing the issue of Filecoin, Grayscale has filed with the SEC for its FIL ETF. 14 April 2023 He said he applied on. According to Grayscale, the SEC 16 May 2023requested that this application be withdrawn.
SEC, grayscalee, that the FIL is a security and therefore ETF He said his application should be withdrawn. However grayscaleIn a letter to the SEC, howey testsresults of the FILHe stated that it was not a security.
The litigation processes that started later and the SEC’s reflection of the FIL as a security through the court were also reflected on the Grayscale front. SEC, based on courts He reiterated that Grayscale should withdraw its FIL ETF.
In conclusion FIL ETFwithdrawing its application for grayscale still believes that FIL is not a security. The actors and regulators of the crypto market continue to diverge under different topics.
