DC Circuit Slams SEC, Orders Fair Review of Grayscale’s Bitcoin Spot ETF
Grayscale Crushes SEC: Bitcoin ETFs Greenlit After Court Smackdown The D.C. Circuit Court just torched the SEC’s denial of Grayscale’s Bitcoin ETF conversion, ruling the agency’s reasoning was arbitrary and capricious. Grayscale Investments, holding billions in its flagship GBTC trust, petitioned to swap its closed-end fund for a spot Bitcoin ETF like those trading gold…
