The SEC has rejected Grayscale's application for a spot Bitcoin ETF ❌ Now, the investment company has launched an appeal 👇
"We are deeply disappointed by and vehemently disagree with the SEC's decision to continue to deny spot Bitcoin ETFs from coming to the U.S. market."
Wednesday saw the SEC turn down this request, with the regulator claiming that it wasn't given adequate assurances that market manipulation would be prevented — and investors would be protected. "Grayscale supports and believes in the SEC's mandate to protect investors, maintain fair, orderly, and efficient markets and facilitate capital formation — and we are deeply disappointed by and vehemently disagree with the SEC's decision to continue to deny spot Bitcoin ETFs from coming to the U.S. market."
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