Grayscale Could Lose Billions From a Bitcoin ETF

[RSRS]

American investors at Grayscale’s Bitcoin Trust are at risk of billions in losses from the approval of a fiat futures bitcoin ETF due to an arbitrary distinction by SEC that turns the regulator into picking winners and losers in an interference on the market.


Speculation is ramping up that a bitcoin ETF approval is imminent with the Securities and Exchanges Commission (SEC) itself adding to the hype.

“Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits,” it said on Thursday.

New rumors that SEC won’t object to a fiat futures bitcoin ETF have further increased anticipation with the first decision expected to be on October 25th.

This distinction between fiat futures bitcoin ETFs and spot bitcoin ETFs risks picking winners and losers with Grayscale, and the thousands of Americans that have invested in their trust, potentially the biggest such loser.

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