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SEC Chair Gensler Speaks About Approval of Spot Bitcoin Exchange-Traded Products

Reynolds Holding

One of those filings, made by Grayscale, contemplated the conversion of the Grayscale Bitcoin Trust into an ETP. Court of Appeals for the District of Columbia held that the Commission failed to adequately explain its reasoning in disapproving the listing and trading of Grayscale’s proposed ETP (the Grayscale Order). [1]