DC Circuit Rules SEC Denial of Grayscale Bitcoin ETF Arbitrary, Paving Way for Spot ETFs
Grayscale Crushes SEC: Bitcoin ETF Denial Overturned In a seismic blow to the SEC, the D.C. Circuit Court of Appeals ruled that the agency’s rejection of Grayscale’s Bitcoin ETF conversion was “arbitrary and capricious,” forcing regulators to rethink their blockade on crypto spot ETFs. Grayscale Investments, manager of the $8 billion Grayscale Bitcoin Trust (GBTC),…
