Grayscale CEO's threatened lawsuit against the SEC, in case it rejects his firm's spot-Bitcoin ETF application, may be loaded with merit, especially if feds are withholding permission 'out of fear'
Michael Sonnenshein says the Securities and Exchange Commission isn't doing its job by letting investor cash languish in Grayscale Bitcoin Trust when an ETF is measureably better.
Author Brooke Southall April 1, 2022 at 2:29 AM
Ron A Rhoades
April 1, 2022 — 3:56 PM
The SEC should protect investors, by not approving ANY mutual fund or ETF that invests in Bitcoins (and many other cryptocurrencies). They have no intrinsic value. It is just a "piece of paper" in search of "a greater fool." https://ronrhoades.com/cryptocurrencies-signed-pieces-of-paper-in-search-of-the-greater-fool/
Related Moves
Biz Briefs: AdvicePay waives key hiring requirement to land its next CEO • ESG firms may get OK in Oklahoma • eMoney adds new chiefs • CFP Board names new chair-elect • Robinhood cuts more staff
Alan Moore replaces himself with another guy with two respectable titles • eMoney promotes two • Moisand's third in line now known • Robinhood sacks 173 in year-to-date.
