Gensler’s Grayscale Dilemma

Deadline looms for Bitcoin ETF; Peirce blasts SEC's rule agenda

Grayscale Investments will soon learn whether the SEC will allow its main Bitcoin fund to become an exchange traded fund, a watershed that could open crypto even more to the masses. It’s the culmination of years of work for the asset management firm, but the timing couldn’t be worse.

Bitcoin has tanked. Stablecoins like Terra’s have collapsed. Celsius’ d…