“After the Commission has had the opportunity to fully analyze the court’s opinion in light of the record, including the reasons for rejection set forth … we believe the Commission should conclude that there are no grounds for treating the Trust differently from ETPs that invest in bitcoin futures contracts,” Grayscale’s legal team wrote in a letter to the regulator on Tuesday.
Source: https://www.coindesk.com/policy/2023/09/05/sec-has-no-grounds-to-reject-bitcoin-etf-conversion-grayscale-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines