Grayscale is suing the SEC since they denied its application for an ETF. On Wednesday, the Securities and Exchange Commission (SEC) rejected Grayscale Investments’ proposal to convert its $13.5 billion Grayscale Bitcoin Trust (GBTC) into a spot-based bitcoin exchange-traded fund (ETF), despite the company’s strenuous efforts to secure permission for years. Michael Sonnenshein, CEO […]The post SEC Rejects Grayscale Bitcoin Spot ETF Application and Grayscale Sues SEC appeared first on The Crypto Basic.