
Grayscale Investments, the world’s largest cryptocurrency asset manager, isn’t ruling out a legal battle with the SEC if a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) stands rejected.
What Happened: In an interview with Bloomberg on Monday, Grayscale CEO Michael Sonnenshein said that the firm had been putting all of its resources behind converting the Grayscale Bitcoin Trust (OTC: GBTC) into an ETF.