Grayscale Replies to SEC, Argues That Bitcoin (BTC) Spot ETF Denial Is Illogical

Grayscale Replies to SEC, Argues That Bitcoin (BTC) Spot ETF Denial Is Illogical

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Crypto hedge fund Grayscale is telling the U.S. Securities and Exchange Commission (SEC) that its denial of Bitcoin (BTC) exchange-traded funds (ETFs) is “illogical.” Replying to a brief filed by the SEC last month, Grayscale says that converting the Grayscale Bitcoin Trust (GBTC) into a spot BTC…

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