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Cryptocurrency News: Shares of the Grayscale Bitcoin Trust surged 17% after a US court ruling opened the possibility for the trust to convert into an exchange-traded fund
A three-judge panel of the District of Columbia Court of Appeals in Washington said the Securities and Exchange Commission (SEC) failed to fully explain its reasoning when denying Grayscale's product and should review its decision.
Grayscale's win against the SEC has boosted the prospect of spot Bitcoin ETFs.
Coinbase has rolled out its Layer 2 network, Base, built on Ethereum. This platform has quickly gained traction with 100,000 users and hosting more than $200 million in assets.
Operator: Thank you for standing by, and welcome to the MarketWise Second Quarter 2023 Earnings Call. During today's presentation, all parties on the webcast will be in a listen-only mode.