US court rules SEC improperly rejected bitcoin spot ETF
A DC court has ruled that the US SEC improperly rejected an attempt by crypto asset manager Grayscale to convert their bitcoin trust into an ETF.
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A DC court has ruled that the US SEC improperly rejected an attempt by crypto asset manager Grayscale to convert their bitcoin trust into an ETF.
The United States Court of Appeals ruled Tuesday that Grayscale can convert the GBTC, currently an index fund, into a spot bitcoin ETF.
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A federal appeals court sided with an asset manager that hopes to launch the first bitcoin exchange-traded fund, a major victory for the cryptocurrency industry.
(Bloomberg) -- In a year when it has seemed as if US officials were hell-bent on putting much of the cryptocurrency market out of commission, the beaten-down digital-asset industry has finally scored a big legal win. Most Read from BloombergPutin Agrees to Visit China in First Trip Since Arrest WarrantCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesWhat to Do With a 45-Story Skyscraper and No TenantsCrypto Scores Landmark US Legal Win With Grayscale ETF RulingStocks Up Most Since