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Landmark Court Ruling Sparks Potential for First U.S. Bitcoin ETF Approval – DeFiance Daily – 8.30.23

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.