Grayscale Investments has urged the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund (ETF) applications simultaneously, to ensure equal treatment for all applicants. The statement argues that approving only certain proposals would grant an unfair advantage and reflect a sudden and significant change in the SEC’s application of regulations. While the statement acknowledges the applicants’ work on a surveillance-sharing agreement with crypto exchange Coinbase, it suggests that it may not meet the SEC’s requirements. Grayscale believes that if the SEC decides to approve any spot bitcoin ETF applications, it should do so in a fair and orderly manner.
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