SHOULD BE APPROVED

Summary from the TLDR Crypto newsletter

Crypto asset manager Grayscale has raised criticisms against the SEC for approving a leveraged Bitcoin-based ETF, alleging that the product is actually riskier than Grayscale’s Bitcoin futures products. This comes amidst Grayscale's ongoing lawsuit against the SEC for rejecting its spot Bitcoin ETF application. The company suggests the SEC is discriminating against different companies, and is seeking legal redress, with a judgment expected by year-end.