Grayscale Investments has told the U.S. Securities and Exchange Commission it has "no grounds" to reject the conversion of its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund.
The SEC was last week ordered to review its prior rejection of the conversion in the D.C. Circuit Court of Appeals, with Circuit Judge Neomi Rao agreeing with Grayscale's position that its…
This story from coindesk.com was posted on 2023-09-06 by @greenix.