Grayscale sues SEC over rejection of GBTC spot Bitcoin ETF conversion

Grayscale Bitcoin Trust ETF

Filed petition for review in D.C. Circuit on June 29, 2022, arguing SEC violated APA and Exchange Act.
Led by former U.S. Solicitor General Donald B. Verrilli Jr. of Munger, Tolles & Olson.
SEC received record 11,400+ comments during review, over 99% supporting conversion.
CEO Sonnenshein calls SEC decision 'arbitrary and capricious,' says it blocks billions in investor capital.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.