Grayscale urges SEC for fair Bitcoin ETF review

Ritu13

In a BlockBeats report on July 28, Craig Salm, Chief Legal Officer of Grayscale, published an open letter urging the U.S. Securities and Exchange Commission (SEC) to fairly approve a Bitcoin spot ETF. In the open letter, Grayscale asserts that the SEC already has the capability to approve a Bitcoin spot ETF since the Bitcoin spot market and futures market are closely related, and monitoring the Bitcoin futures market at the Chicago Mercantile Exchange (CME) should be sufficient to prevent potential fraud or manipulation. Furthermore, Grayscale emphasizes that the SEC should handle Bitcoin ETF matters fairly and in an orderly manner, without picking winners and losers, but rather providing feedback or guidance impartially. Grayscale firmly believes that for the benefit of Bitcoin, the market, and investors, all Bitcoin spot ETF applications should be approved simultaneously. Grayscale states that they will continue to strive for this goal on behalf of investors.

Samiksha

It seems like a way to exert pressure on it.

Ritu77

Fairness is also an essential factor.

Kahn332

Decentralization is primarily focused on security.