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Is the First Spot BTC ETF Coming? Grayscale Triumphs over SEC in Court
Grayscale Investment, the Connecticut-based crypto asset manager, has scored a legal victory over the US Securities and Exchange Commission (SEC). Today (Tuesday), the US Court of Appeals for the District of Columbia Circuit ruled that the SEC’s rejection of the company’s proposal to convert its Grayscale Bitcoin Trust (GBTC)into a spot Bitcoin (BTC) exchange-traded fund (ETF) was “arbitrary and capricious”. Grayscale Wins Legal ChallengeA spot BTC EFT tracks the current market price of Bitcoin,...
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Posted: Aug 29 2023, 20:32
Author Name: financemagnates
Views: 111645