Grayscale Investments Makes Move Against SEC, Files Opening Legal Brief in ETF Rejection Lawsuit

Crypto asset manager Grayscale is making a legal move against the U.S. Securities and Exchange Commission (SEC), alleging that the SEC is showing bias towards bids for a Bitcoin (BTC) exchange-traded fund (ETF). In its filing, Grayscale says the SEC’s stance of allowing BTC futures ETFs but not spot market BTC ETFs is inconsistent.