Grayscale Sues the SEC: GBTC Conversion Denial “Arbitrary and Capricious”
June 30, 2022 at 13:18 PM EDT
After several delays, the Securities and Exchange Commission has finally made a ruling on the conversion of Grayscale’s Bitcoin Trust that was initially filed in October of 2021, denying the conversion to a spot bitcoin ETF. The SEC has denied the application, like all spot bitcoin ETF applications...
