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U.S. SEC rejects Grayscale's spot bitcoin ETF

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exchange-traded fund (ETF) by Grayscale, one of the world's biggest digital asset managers, on the NYSE Arca exchange. Grayscale responded with a legal challenge to the decision, the latest in a series of rejections of proposals for U.S.

listings of spot bitcoin ETFs over the past year. The proposal to list the ETF did not meet the standard designed to prevent fraudulent and manipulative practices and protect investors and the public interest, the Securities and Exchange Commission (SEC) said in a filing

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