SEC seeks public comment on whether to approve Bitcoin spot ETF

On February 8, the U.S. Securities and Exchange Commission (SEC) recently approved several applications for bitcoin spot ETFs, asking the public to provide feedback on the type of ETFs and whether bitcoin itself is vulnerable to manipulation and fraud. According to Bloomberg, the SEC issued similar notices for Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin spot ETF, and asset management company Bitwise’s application to issue a new ETF. The SEC has rejected six similar applications since November, including those from VanEck, WisdomTree and SkyBridge Capital. (Bloomberg)