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September 01, 2020 1:41pm
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SEC Rejects Grayscale’s Spot Bitcoin ETF; Here’s How ARKW Is Impacted

Grayscale Investments’ application to convert the $13.5 billion Grayscale Bitcoin Trust (GBTC) into an ETF wrapper was denied by the SEC on Wednesday. The SEC denied the conversion on the grounds that the application failed to answer the SEC’s questions about preventing market manipulation as...
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