DC Circuit Slams SEC, Orders Reconsideration of Grayscale’s Bitcoin Trust Spot ETF
Grayscale Crushes SEC: Spot Bitcoin ETFs Greenlit by Appeals Court In a seismic blow to the SEC, the D.C. Circuit Court of Appeals ruled 3-0 that the agency acted arbitrarily in blocking Grayscale’s conversion of its $8 billion Bitcoin Trust into a spot ETF, while approving futures-based rivals. This forces the SEC to reconsider Grayscale’s…
