
VanEcK Re-Files for Spot Bitcoin ETF Despite Grayscale’s Rejection
Amidst devastating losses in the crypto market, the prospect of a spot Bitcoin ETF launch in the US does not appear in the near term.

Amidst devastating losses in the crypto market, the prospect of a spot Bitcoin ETF launch in the US does not appear in the near term.

The SEC has again rejected Grayscale’s application in order to convert GBTC into a spot ETF. Grayscale does not agree with this decision, and the company

GrayScale has been working hard on getting approval for BTC ETF approval, and its CEO recently discussed the benefits associated with this. Michael Sonnenshein believes that

Grayscale announced new actions regarding the SEC response to the latest proposal and also new hiring for the next steps. In a tweet by the company,

Grayscale Investments is the largest virtual currency asset manager in the world. In a recent development, Grayscale Investments has announced its European Exchange-Traded Fund (ETF). The

Grayscale had a meeting with the SEC about the Bitcoin ETF fund, and a brief on the meeting is now available for the public to read.

Grayscale tweeted a proposal about approving GBTC as a Bitcoin Spot ETF that people can support by sending an email, too.

Michael Sonnenshein, the CEO of GrayScale, posted a threaded tweet about Bitcoin spot ETF and why SEC may be comfortable with this concept.

Grayscale asks investors to step up its efforts to bring the idea of a spot Bitcoin ETF to reality by urging the investors to submit comments to the US SEC on its Bitcoin ETF application.

US Securities and Exchange Commission (SEC) has again postponed its decision on whether to approve Grayscale’s application for a Grayscale spot Bitcoin ETF.
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