SEC Rejects Bid to Turn the Largest Bitcoin Fund Into an ETF -> Grayscale Sues SEC

CNBC | Ryan Browne | Jun 29, 2022 Grayscale, which manages the world’s largest bitcoin fund, said it would sue the U.S. Securities and Exchange Commission after regulators turned down its bid to convert the investment vehicle into an exchange-traded fund. The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin exchange-traded fund, citing

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