Grayscale Wins: DC Circuit Overturns SEC’s Denial of Spot Bitcoin ETF
Grayscale Crushes SEC: Spot Bitcoin ETF Denial Overturned The D.C. Circuit Court just gut-punched the SEC, ruling its rejection of Grayscale’s Bitcoin ETF conversion was “arbitrary and capricious.” Grayscale sued after the SEC denied swapping its $8 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF mirroring BlackRock’s futures-based Bitcoin fund. This bombshell forces the…
