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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Barry Silbert's Grayscale Sues SEC For Rejecting Spot Bitcoin ETF Proposal

Barry Silbert Grayscale SEC Bitcoin ETF Grayscale Investments DCG Digital Currency Group

CEO and founder of Digital Currency Group (DCG) Barry Silbert said Grayscale Investments is suing the U.S. Securities and Exchange Commission. 

What Happened: Grayscale, which is owned by DCG, is challenging the decision by the SEC to deny the conversion of Grayscale Bitcoin Trust (OTC:GBTC) into a spot Bitcoin (CRYPTO: BTC) exchange-traded fund, according to a statement shared by Silbert.

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