Court Sides with Grayscale, Forcing SEC to Reconsider Bitcoin ETF Conversion
Grayscale Crushes SEC: 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 Investments sued after the agency denied swapping its $8 billion Grayscale Bitcoin Trust (GBTC) into a spot ETF, while greenlighting Bitcoin futures ETFs. This bombshell forces the…
