CLC Cryptolist Club logo CLC Cryptolist Club logo
Seeking Alpha 2022-06-30 21:30:38

What Does The SEC's Rejection Of Grayscale's ETF Mean For Bitcoin And GBTC Investors?

The SEC has denied Grayscale Investments' application to convert GBTC into an open-ended ETF. Grayscale immediately filed suit to appeal.I was on the wrong side of this trade. The crypto world this year has been pure chaos, but it is still possible for Grayscale to win in court.What this means for investors in GBTC and Bitcoin.Grayscale Investments Vs. The United States Of AmericaAfter a long wait, the Securities and Exchange Commission has ruled to deny Grayscale Investments' petition to convert the Grayscale Bitcoin Trust (

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.