In Friday’s filing, Grayscale countered that argument, saying “a successful manipulation of prices in the spot bitcoin market would necessarily affect the price of bitcoin futures as well — and, therefore, the value of bitcoin futures ETPs’ holdings.” It therefore called the SEC’s reasoning “illogical.” www.coindesk.com
In Friday’s filing, Grayscale countered that argument, saying “a successful manipulation of prices in the spot bitcoin market would necessarily affect the price of bitcoin futures as well — and, therefore, the value of bitcoin futures ETPs’ holdings.” It therefore called the SEC’s reasoning “illogical.”
www.coindesk.com