Crypto asset manager Grayscale Investments is urging the U.S. securities regulator to greenlight options on its spot bitcoin exchange-traded fund, a move that would open the product to a new class of investors. In a letter sent Wednesday to the Securities and Exchange Commission, Grayscale CEO Michael Sonnenshein said an SEC rejection of options on its Grayscale Bitcoin Trust would "unfairly discriminate" against its shareholders, noting that the regulator has previously approved options on ETFs tied to bitcoin futures.
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