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Bloomberg Tech
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The SEC and the SEC vs Grayscale Cryptocurrency Funds
Today was the start of a court fight between grayscale investments and the SEC over plans to convert. The judges did seem skeptical of the SEC's argument that Bitcoin futures should be treated differently than Bitcoin's spot. Head into the market reaction we're seeing today saw GBTC up 9.6% on the day so that discount to its net asset value narrowed.
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