The SEC was instructed last week to revisit its earlier denial of the Grayscale Bitcoin Trust (GBTC) conversion, with no automatic implication of approval.
Although both are categorized as trusts, Blackrock's proposed investment vehicle stands out as an exchange traded fund (ETF) due to one crucial differentiation.
The CEO of Grayscale Investments outlines how the SEC might potentially violate the Administrative Procedure Act by refusing to approve a spot bitcoin exchange-traded fund (ETF).
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