Bitcoin is a Ponzi

In The Zone '98

In The Zone '98

Superstar
Joined
Oct 30, 2017
Messages
13,619
Reputation
2,026
Daps
44,170
www.reuters.com

US court questions SEC's rejection of Grayscale's bitcoin fund proposal

U.S. federal appellate court judges questioned on Tuesday whether the U.S. Securities and Exchange Commission (SEC) was correct to reject Grayscale Investment's application for a spot bitcoin exchange-traded fund, since the agency had previously approved bitcoin futures products.
www.reuters.com www.reuters.com

The case's outcome could either vindicate the SEC's posture or pave the way for other companies to offer spot bitcoin exchange-traded funds (ETFs) if the judges rule in favor of Grayscale.
Other would-be issuers of spot bitcoin ETFs that the SEC rejected include FMR LLC's Fidelity, SkyBridge Capital and Valkyrie Investments Inc.
Click to expand...

Grayscale's chief executive officer, Michael Sonnenshein, has said he expects a final ruling in the case this fall, and that he anticipates the court will rule in Grayscale's favor. He told Reuters in January that Grayscale would appeal the case if the court backed the SEC's decision to reject its bitcoin ETF proposal.
Click to expand...

BlackRock got the juice. But I doubt the SEC will approve theirs.
 
winb83

winb83

52 Years Young
Supporter
Joined
May 28, 2012
Messages
47,018
Reputation
4,024
Daps
71,227
Reppin
Michigan
IMG-3185.png
Might be time for me to sell
 
Tres Leches

Tres Leches

Empire Business
Joined
May 6, 2012
Messages
25,363
Reputation
2,088
Daps
59,847
You must log in or register to reply here.
Top