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Grayscale Bitcoin Trust tokenized stock FTX

Grayscale Bitcoin Trust

<p><strong>Grayscale’s Bitcoin Trust ($GBTC) has sent a strong letter to the SEC, questioning why there are different rules for spot Bitcoin ETPs and Bitcoin futures ETPs. They want the SEC to explain its regulations.</strong></p><p>Grayscale is urging the SEC to quickly make a decision on NYSE Arca’s Rule 19b-4 filing. They say the long wait for a decision is not just affecting them but also the broader <a href="https://cryptosheadlines.com/us-fed-chair-signals-two-additional-rate-hikes-as-cryptocurrency-market-experiences-volatility/" rel="noopener noreferrer nofollow">cryptocurrency market’s</a> regulations.</p><p>Following a court decision that went against the <a href="https://cryptosheadlines.com/us-house-chair-backs-blackrock-bitcoin-etf-plans-sec-oversight-hearings/" rel="noopener noreferrer nofollow">SEC’s denial of Grayscale’s ETF plans</a>, the investment company has sent this important letter to the SEC.</p><h3 id="the-lingering-question-and-extended-decision-delay">The Lingering Question and Extended Decision Delay</h3><blockquote>At the heart of Grayscale’s message is a simple yet incredibly important question: Why are there different rules for Bitcoin ETPs linked to actual Bitcoin prices and those tied to Bitcoin futures? They believe that if there were valid reasons, especially concerning preventing fraud, those reasons should have come up in the 15 times the <a href="https://cryptosheadlines.com/sec-could-employ-different-arguments-to-reject-grayscales-bitcoin-etf-berenberg-notes/" rel="noopener noreferrer nofollow">SEC rejected similar Bitcoin</a> ETPs. Read<a href="https://cryptosheadlines.com/grayscales-sec-letter-catalyst-or-more-waiting-for-bitcoin-etf/" rel="noopener noreferrer nofollow"> More...</a></blockquote>

Grayscale’s SEC Letter: Catalyst or More Waiting for Bitcoin ETF?

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