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Grayscale Argues SEC’s Inconsistency After Approval of Leveraged Bitcoin Futures ETF

Investors are eagerly anticipating the approval of the first exchange traded fund (ETF) for spot markets, following the approval of 2X Volatility Shares to start trading the first ETF in leveraged Bitcoin futures.

However, Grayscale, a contender hoping to offer a spot ETF, has expressed disappointment in the decision, arguing that it contradicts the SEC's stance against any fund dealing with spot markets.

Grayscale has been locked in a lawsuit against the SEC for the past year, after the agency rejected its application to convert its Grayscale Bitcoin Trust into a spot market ETF. The approval of the Volatility Shares ETF has been seen as further proof of the SEC's inconsistency, according to Grayscale.

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