Grayscale Slams SEC’s ‘Unreasonable’ Barring of Spot Bitcoin ETFs

Grayscale Declares 'Business as Usual' Despite Sister Company Genesis Global Capital Suspending Withdrawals

In Friday’s filing, Grayscale countered that argument, saying “a successful manipulation of prices in the spot bitcoin market would necessarily affect the price of bitcoin futures as well — and, therefore, the value of bitcoin futures ETPs’ holdings.” It therefore called the SEC’s reasoning “illogical.”

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