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Grayscale asks the SEC to approve all spot BTC ETF applications simultaneously
Crypto fund manager Grayscale Investments has submitted a letter to the Securities and Exchange Commission (SEC) asking that the regulator approve all the recently filed spot Bitcoin (BTC) exchange-traded funds (ETF) at the same time so that no product has an advantage over the others. Grayscale said approving proposals on an individual basis “would reflect a positive but sudden and significant change in the Commission’s application of the relevant statutory standard, and as such would improperly grant an unfairly discriminatory and prejudicial first-mover advantage to these proposals.” For this reason, the ... (full story)