Grayscale Investments Gets Second Chance for Bitcoin ETF Approval

Benzinga 2023-08-30

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The Securities and Exchange Commission has granted a reprieve to Grayscale Investments, allowing the company to have its filing for a Bitcoin exchange-traded fund re-evaluated after the agency initially rejected their application due to "unfair reasons". Although this decision marks a positive step forward in regulating digital assets, it is by no means a guarantee of future approval for a Bitcoin ETF listing. Grayscale will now have the opportunity to appeal the SEC's decision and potentially have its Bitcoin ETF listing approved in the future.

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