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Here is the judge's opinion: Grayscale Provides Hard Evidence of 99.9% Correlation Between Bitcoin Spot Market and CME Futures Prices The SEC approved the listing of two Bitcoin futures ETPs, but failed to adequately explain its reasons for not approving Grayscale's proposed Bitcoin ETP listing. It is unlawful to treat similar products differently from regulation without a consistent explanation. Therefore, we (the judge) grant Grayscale's Petition for Review and invalidate the Commission Order. #SEC #Grayscale

Here is the judge's opinion:
Grayscale Provides Hard Evidence of 99.9% Correlation Between Bitcoin Spot Market and CME Futures Prices
The SEC approved the listing of two Bitcoin futures ETPs, but failed to adequately explain its reasons for not approving Grayscale's proposed Bitcoin ETP listing.
It is unlawful to treat similar products differently from regulation without a consistent explanation.
Therefore, we (the judge) grant Grayscale's Petition for Review and invalidate the Commission Order.
#SEC #Grayscale