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Grayscale takes legal action against the SEC over spot ETF rejection

  • SEC has reportedly rejected Grayscale’s application to convert Grayscale Bitcoin Trust (GBTC) to an Exchange-Traded Fund.
  • Reports disclose that a Petition for Review would be filed with the United States Court of Appeals for the District of Columbia to challenge the decision.

Grayscale is reportedly considering legal action against the US Securities and Exchange Commission (SEC). This
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