DC Circuit Rules SEC Denial of Grayscale Bitcoin ETF Arbitrary, Orders Reconsideration
Grayscale Crushes SEC: Bitcoin ETFs Greenlit After Court Smackdown The D.C. Circuit Court just torched the SEC’s rejection of Grayscale’s Bitcoin ETF conversion, ruling the agency’s denial was “arbitrary and capricious.” Grayscale sued after the SEC blocked its plan to swap its GBTC trust for a spot Bitcoin ETF in June 2022, despite approving Bitcoin…
