Grayscale Slams SEC’s ‘Unreasonable’ Barring of Spot Bitcoin ETFs

Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg

In Friday’s filing, Grayscale countered that argument, saying “a successful manipulation of prices in the spot bitcoin market would necessarily affect the price of bitcoin futures as well — and, therefore, the value of bitcoin futures ETPs’ holdings.” It therefore called the SEC’s reasoning “illogical.”

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