Grayscale Reveals Next Steps For Spot Bitcoin ETF After SEC’s Non-Appeal
In a pivotal development for the crypto investment community, the Securities and Exchange Commission (SEC) has chosen not to seek a rehearing regarding Grayscale Investments LLC’s proposal to convert its Bitcoin trust into a spot Bitcoin exchange-traded fund (ETF). Following this, Eleanor Terrett, a journalist from Fox Business, acquired a statement from Grayscale on the […]
Related News
The world’s leading cryptocurrency, Bitcoin (BTC), has seen a significant surge in its price today, reaching $28,004. While several factors have contributed to this jump, here are the primary reasons: #1 SEC’s Non-appeal On Grayscale Spot Bitcoin ETF Late on Friday night, the market became aware of the US Securities and Exchange Commission’s decision not to appeal the verdict which favored Grayscale’s conversion of the Grayscale Bitcoin Trust (GBTC) into a spot ETF. This decision wasn’t perhaps fully priced in on Friday, as Bitcoin’s price rose by a mere 1.2%....
The clock is ticking down to this Friday (October 13), when the window for the US Securities and Exchange Commission (SEC) to appeal the Grayscale Bitcoin spot ETF ruling by the US District of Columbia Circuit will shut. As this deadline looms, the crypto community is abuzz with speculation, predictions, and hopes for what the […]
The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on Dec. 21. Digital asset manager Grayscale has filed its opening brief against the U.S. Securities Exchange Commission (SEC) to challenge its decision denying Grayscale’s application to convert the Grayscale Bitcoin Trust (GBTC) to a spot Bitcoin ETF.The world’s largest digital asset management firm filed its opening legal brief on Oct. 11 in the U.S. Court of Appeals in the District of Columbia Circuit, in which it claimed the SEC’s knockback....
On Tuesday, the United States Court of Appeals for the District of Columbia Circuit granted Grayscale a significant win over the SEC by revoking the SEC’s foregoing order to turn the GBTC into a Bitcoin Spot ETF. However, Grayscale’s victory over the Securities and Exchange Commission (SEC) was no surprise to some crypto stakeholders as […]
The brief calls attention to the SEC’s continued denial of spot bitcoin ETF while the regulator simultaneously approves bitcoin futures products.