Grayscale Investments, the investment company that plays an active role in the crypto money industry, has addressed the US Securities and Exchange Commission (SEC). Grayscale made a statement that the SEC should treat everyone equally for spot Bitcoin ETF applications.
The SEC should approve spot #bitcoin ETFs to trade in the US.
What’s more, their previous approval of bitcoin futures ETFs shows that they are already in a position to do so.
Read more about the latest from our legal team: https://t.co/UC8ksqNcwy $GBTC $BTC— Grayscale (@Grayscale) July 27, 2023
Sharing the open letter via Twitter hours ago, Grayscale emphasized the conditions of other applicant companies. According to the statement, the “sharing of custody” detail draws attention in the spot Bitcoin ETF application of companies such as Fidelity, BlackRock and VanEck.
Officials commented that in the likely scenario where other spot ETF applications are approved and they are turned down, there will be major discrimination.
“The SEC must provide consistent and fair feedback to issuers. It is discrimination when state institutions create winners and losers.”
The leading crypto-asset manager filed a lawsuit against the institution after its spot Bitcoin ETF application was blocked by the SEC. CEO Michael Sonnenshein says they have a good chance of winning the case.
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