Grayscale Urges SEC to Approve All Bitcoin ETFs Simultaneously

Grayscale's ETF has already been rejected by the Securities and Exchange Commission and it wants it and competing ETFs to be approved together so that neither has an advantage. News Join us on social networks

Crypto fund manager Grayscale is urging the Securities and Exchange Commission to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) simultaneously to prevent any one from having an edge.

A July 27 post by Grayscale Chief Legal Officer Craig Salm said his legal team had submitted a letter regarding eight Bitcoin ETF filings — including his own — arguing that the SEC should not pick “winners and losers" and instead make a just and orderly decision.

The letter claimed that the SEC could approve spot ETFs based on its approvals for Bitcoin futures ETFs, saying the two types of funds are "inextricably linked".

Grayscale added that recent Supervisory Sharing Agreements (SSAs) between Coinbase and spot ETF providers are “not a new idea” and asserted that they will not meet SEC standards.< /p>

SEC expected to approve #bitcoin spot ETFs for trading in the US. Additionally, their previous approval of bitcoin futures ETFs shows that they are already able to do so. Read more about the latest news from our legal team: https://t.co/UC8ksqNcwy $GBTC $BTC< /p> — Grayscale (@Grayscale)