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Benzinga
  • 3 years ago
The Securities and Exchange Commission has granted a reprieve to Grayscale Investments, allowing the company to have its filing for a Bitcoin exchange-traded fund re-evaluated after the agency initially rejected their application due to "unfair reasons". Although this decision marks a positive step forward in regulating digital assets, it is by no means a guarantee of future approval for a Bitcoin ETF listing. Grayscale will now have the opportunity to appeal the SEC's decision and potentially have its Bitcoin ETF listing approved in the future.

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00:00 It's Benzinga and here's what's on the block.
00:02 The Securities and Exchange Commission has granted a reprive to Grayscale Investments,
00:06 allowing the company to have its filing for a Bitcoin Exchange-Traded Fund re-evaluated
00:11 after the agency initially rejected their application due to unfair reasons.
00:15 Although this decision marks a positive step forward in the regulation of digital assets,
00:19 it is by no means a guarantee of future approval for a Bitcoin ETF listing.
00:24 Grayscale will now have the opportunity to appeal the SEC's decision and potentially
00:28 have its Bitcoin ETF listing approved in the future.
00:31 For all things money, visit Benzinga.com.
00:33 [BLANK_AUDIO]