SEC again delays decision on Grayscale’s Bitcoin ETF

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SEC again delays decision on Grayscale’s Bitcoin ETF
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Not yet, Grayscale. The SEC isn't accepting the Bitcoin ETF right now.

The United States Securities and Exchange Commission has once again delayed its ruling on whether to approve Grayscale’s application for a Bitcoin exchange-traded fund , citing familiar concerns around manipulation, liquidity and transparency.

concerns about how the digital asset manager intends to convert its Grayscale Bitcoin Trust into a spot ETF. Namely, the regulator wasn’t convinced that Grayscale’s proposal was designed to prevent alleged fraud and manipulation in the Bitcoin market. The SEC has invited the public to comment on these issues, giving interested parties 21 days to respond in writing.

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