Grayscale lawyers criticize SEC over leveraged bitcoin ETF

Grayscale lawyer Donald Verrilli argued that the leveraged crypto ETF is “an even riskier investment product.”last month after not being rejected by the SEC.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Attorneys for asset management company Grayscale criticized the U.S. Securities and Exchange Commission for allowing the first leveraged bitcoin exchange-traded fund while having rejected previous efforts for a spot fund.

Grayscale lawyer Donald Verrilli argued that a leveraged bitcoin ETF is “an even riskier investment product” in a“The fact that the Commission has allowed a leveraged bitcoin futures ETP to begin trading demonstrates that the Commission continues to arbitrarily treat spot bitcoin ETPs differently than bitcoin futures ETPs,” Verrilli said.

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Grayscale lawyers refer to SEC allowing Volatility Shares' investment vehicle in push for ETFThe attorney behind Grayscale's lawsuit with the SEC called on the court to consider Volatility Shares' leveraged Bitcoin ETF in its push to launch a spot crypto investment vehicle.
Source: Cointelegraph - 🏆 562. / 51 Read more »