SEC Slams Brakes on Grayscale ETF Approval – Demands Deeper Scrutiny

Regulators hit pause on crypto's Wall Street ambitions—again.

The SEC just delayed Grayscale's spot Bitcoin ETF application, demanding 'additional review' in a move that reeks of bureaucratic foot-dragging. No timeline given. No clear objections specified. Just classic regulator whiplash for an industry that's already jumped through every hoop.

Meanwhile, Wall Street's old-guard ETFs get rubber-stamped while crypto investors watch from the kiddie table. The irony? Grayscale's GBTC already holds $25B in BTC—more than most banks' crypto 'exposure.' But sure, let's pretend retail investors need 'protection' from the asset outperforming traditional markets for a decade straight.

Next stop: More legal battles, more delays, and another quarter of institutional money circling like vultures waiting for Washington's permission to innovate. Your tax dollars at work.