Grayscale Pushes Back Against SEC's Spot Bitcoin Denial
October 17, 2022 at 12:11 PM EDT
The advent of the exchange-traded fund (ETF) has allowed for creative investments, leading to a rise in thematic funds and also opened the door for cryptocurrencies. However, one major roadblock has been the Securities Exchange Commission (SEC), which is facing a lawsuit from Grayscale Investments after denying a conversion of its Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF.