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Grayscale lawyers refer to SEC allowing Volatility Shares' investment vehicle in push for ETF

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Grayscale urges SEC to level the playing field by allowing spot Bitcoin ETFs to Trade.

) futures ETF. The crypto investment vehicle started trading on June 27 without interference from the SEC, which to date has not approved any spot crypto ETFs but ones tied to BTC futures.

According to Grayscale, the Volatility Shares ETF exposes investors to an “even riskier investment product” than BTC futures ETFs, suggesting a possible avenue for the SEC to approve its offering. The asset manageragainst the commission in June 2022 after the SEC denied an application to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF.

“The 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,” said Grayscale. “The 2x Bitcoin Strategy ETF is therefore exposed to even more risks of the bitcoin markets than Grayscale’s proposed spot bitcoin ETP.”

 

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