Crypto manager seeks SEC approval for ETF…again (Financial Times)
FrontLine Compliance
In its latest attempt to meet the SEC’s approval, a digital currency asset manager is relying on a legal detail to bolster its chances to create a crypto ETF. However, with the SEC’s current stance that crypto ETFs trade on unregulated platforms with fraud and manipulation concerns, the firm Grayscale and its large crypto investment vehicle may continue to be blocked from obtaining ETF status. Grayscale’s new application hinges on the argument that their spot…
