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Grayscale is suing the SEC after its spot bitcoin ETF was rejected

1 month ago   |   By Business Insider

Grayscale filed to convert its Bitcoin Trust fund into an ETF in October. Photo by Spencer Platt/Getty Images
Grayscale is suing the Securities and Exchange Commission after the US regulator rejected its spot bitcoin ETF bid.
The SEC said Wednesday the crypto investment firm had failed to answer questions on market manipulation.
Grayscale filed its bitcoin ETF application in October 2021 but it has faced multiple delays.
Grayscale Investments has announced its intention to sue the Securities and Exchange Commission after the US regulator rejected its proposal to list a spot bitcoin ETF...
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