A U.S. federal court has ordered the U.S. Securities and Exchange Commission (SEC) to reconsider its rejection of Grayscale Investments’ proposal to transform the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). This ruling has the potential to pave the way for the country’s first spot bitcoin ETF.
Landmark Court Ruling Sparks Potential for First U.S. Bitcoin ETF Approval
Published August 29, 2023