Bitcoin

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Grayscale Investments, the firm behind one of the most popular Bitcoin investment products, the Grayscale Bitcoin Trust (GBTC), has In a climate where financial giants including <a href="https://u.today/blackrock-names-optimal-bitcoin-share-in-investors-risk-portfolio-youll-be-surprised" rel="noopener noreferrer nofollow">BlackRock</a> and WisdomTree are lining up for a chance to launch their Bitcoin ETFs, Grayscale's move seeks to ensure a level playing field. The firm's chief legal officer stated, "The SEC should not pick winners and losers," highlighting concerns that the regulatory body might prioritize other spot Bitcoin ETFs over GBTC's conversion. 
However, despite the potential regulatory challenges, Geraci sees Grayscale's stance as a bullish sign for the future approval of spot Bitcoin ETFs. 
Geraci suggests that Grayscale's assertiveness implies they believe the Coinbase SSA might now meet the SEC's standards, which would mean Grayscale should be allowed to amend its previously disapproved filing to launch its offering simultaneously with others.

Grayscale Submits Crucial Letter to SEC Regarding Bitcoin ETFs

U_Today

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