Grayscale lawyers refer to SEC allowing Volatility Shares’ investment vehicle in push for ETF By Cointelegraph
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Digital asset manager Grayscale has filed a letter in its lawsuit against the United States Securities and Exchange Commission (SEC) over the rejection of a spot exchange-traded fund (ETF), citing a possible precedent in furtherance of its case.
In a letter dated July 10, Grayscale’s legal team notified the U.S. Court of Appeals for the District of Columbia Circuit of the listing of Volatility Shares Trust’s leveraged Bitcoin (BTC) futures ETF. The crypto investment vehicle started trading on June 27 without interference from the SEC, which to date has not approved any spot crypto ETFs but has approved ones tied to BTC futures.
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Digital asset manager Grayscale has filed a letter in its lawsuit against the United States Securities and Exchange Commission (SEC) over the rejection of a spot exchange-traded fund (ETF), citing a possible precedent in furtherance of its case.
In a letter dated July 10, Grayscale’s legal team notified the U.S. Court of Appeals for the District of Columbia Circuit of the listing of Volatility Shares Trust’s leveraged Bitcoin (BTC) futures ETF. The crypto investment vehicle started trading on June 27 without interference from the SEC, which to date has not approved any spot crypto ETFs but has approved ones tied to BTC futures.
Continue Reading on Coin Telegraph
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