Investment company that plays an active role in the crypto money industry Grayscale Investments Addressed the U.S. Securities and Exchange Commission (SEC). grayscale, spot Bitcoin ETFmade a statement that the SEC should treat everyone equally for their applications.
The SEC should approve spot #bitcoin ETFs to trade in the US.
What’s more, their previous approval of bitcoin futures ETFs shows that they are already in a position to do so.
Read more about the latest from our legal team: https://t.co/UC8ksqNcwy $GBTC $BTC— Grayscale (@Grayscale) July 27, 2023
Sharing the open letter via Twitter hours ago, Grayscale emphasized the conditions of other applicant companies. According to the description fidelity, BlackRockAnd VanEckIn the spot Bitcoin ETF application, the detail of “sharing of custody” draws attention.
Officials commented that in the likely scenario where other spot ETF applications are approved and they are turned down, there will be major discrimination.
“The SEC must provide consistent and fair feedback to issuers. It is discrimination when state institutions create winners and losers.”
Leading crypto asset manager, spot Bitcoin ETF application SEC He filed a lawsuit against the institution after he was blocked. CEO Michael Sonnenshein says they have a good chance of winning the case.
