Grayscale Investments on Tuesday urged the U.S. Securities and Exchange Commission (SEC) to quickly approve its proposed exchange-traded fund that would track bitcoin, following the crypto asset manager’s court victory against the agency.
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“We hope you will agree that the best use of resources now is for the (SEC) to issue an order approving” the product, Grayscale’s law firm DavisPolk wrote in a letter which was filed with the SEC on Tuesday.
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“If any other reason could be offered in attempting to differentiate” the two types of products “we are confident that it would have surfaced by now,” DavisPolk wrote.
Source: Grayscale urges U.S. SEC to approve spot bitcoin ETF following court victory | Reuters
