\u201cThe fact that the Commission has allowed a leveraged bitcoin futures ETP to begin trading demonstrates that the Commission continues to arbitrarily treat spot bitcoin ETPs differently than bitcoin futures ETPs.\u201d <\/p>Don Verrilli, partner at Munger, Tolles & Olsen<\/cite><\/blockquote>\n\n\n\nVerrilli stated in his letter that the 2x Bitcoin Strategy ETF sought to double the performance of the S&P CME Bitcoin Futures Daily Roll Index each day. He added that the Volatility ETF in question exposed investors to even more risks of the BTC markets than Grayscale\u2019s proposed spot Bitcoin exchange-traded product (ETP). The letter from Grayscale comes more than a year after it sued the SEC for denying its spot Bitcoin ETF application.<\/p>\n","protected":false},"excerpt":{"rendered":"
A law firm representing Grayscale Investments has written to the Columbia District Court to highlight the SEC’s unequal treatment of Bitcoin-based exchange-traded products (ETP). <\/p>\n","protected":false},"author":62,"featured_media":582966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800,17,22,2],"tags":[3176,7192,108480,937,4227,5530,108983],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582964"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=582964"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582964\/revisions"}],"predecessor-version":[{"id":582967,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582964\/revisions\/582967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/582966"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=582964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=582964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=582964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}