The SEC was instructed last week to revisit its earlier denial of the Grayscale Bitcoin Trust (GBTC) conversion, with no automatic implication of approval.
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Although both are categorized as trusts, Blackrock's proposed investment vehicle stands out as an exchange traded fund (ETF) due to one crucial differentiation.
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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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