Grayscale’s Victory in Lawsuit Boosts Bitcoin ETF Prospects
Crypto asset manager Grayscale has scored a major victory in its battle with the United States Securities and Exchange Commission. The U.S. District Court of Columbia Court of Appeals ruled that the SEC was wrong in rejecting Grayscale’s application to convert its GBTC fund into a Bitcoin ETF. This ruling could impact the SEC’s deliberations on other Bitcoin ETF applications, including those filed by BlackRock, Fidelity, and WisdomTree.
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