US Court Declares Grayscale’s Refusal to Create a Bitcoin ETF Illegal
Grayscale won a lawsuit against the US Securities and Exchange Commission (SEC). The verdict reverses the SEC’s decision and sends the company’s application for a spot Bitcoin ETF for review. Grayscale’s crypto funds hold $21 billion of assets, and GBTC remains the firm’s largest trust. The fund was launched in 2013 and since 2017 the company has been trying to convert it into a spot exchange-traded fund, but the SEC has been adamant, rejecting all…
