Coinbase, one of the largest US cryptocurrency exchanges, has become involved in a spot Bitcoin (BTC) exchange-traded fund (ETF) lawsuit between the US Securities and Exchange Commission (SEC) and the world’s largest digital asset manager, Grayscale.
coinbase October 18 In its expert report submitted to the court on , the SEC did not consider Grayscale’s spot Bitcoin ETF in any way. rational why without connecting arbitrary He claimed he blocked it for some reason. Although the ETF of many risky commodities is traded in the market, the exchange does not approve of the Bitcoin ETF. objectionable He said he found it.
In a lawsuit filed by Grayscale after the SEC persisted in rejecting spot Bitcoin ETFs despite allowing futures Bitcoin ETFs, the company changed the SEC’s stance. “arbitrary, capricious and discriminatory” He said he found it. In addition, the company is in favor of several ETFs that the SEC has previously approved, with the spot Bitcoin ETF in terms of quality. same He claimed that it was based on indexes and that the SEC’s stance was “beyond their legal authority” claimed to be.
Coinbase, who entered the case as an expert, also cooperated with Grayscale. similar gave an opinion. Exchange gold, palladium, petroleum, natural gas, platinum and silver Many commodities such as Bitcoin similar to risks owner However, all others have spot ETF approvals, he said. Coinbase SEC unfairly limiting investor choice and discriminating accused.