Home News Grayscale Suing SEC Over Spot Bitcoin ETF Rejection

Grayscale Suing SEC Over Spot Bitcoin ETF Rejection

After long efforts by Grayscale to get a spot Bitcoin ETF on the market, the SEC has rejected their request. Grayscale is not backing down though, suing the SEC almost instantly after the rejection. The lawsuit will come as Grayscale believes the SEC has to approve it since there are already other similar products trading such as Bitcoin futures ETFs. The SEC stated their reason for rejection was due to concerns about market manipulation.