RIOT - Bitcoin Gets New Life - Federal Appeals Court Rules SEC Was Wrong To Reject Application From Grayscale For Spot Bitcoin ETF | Benzinga
The U.S. could be on the verge of getting its first spot bitcoin exchange-traded fund after a federal court ordered the U.S. SEC to review its rejection of Grayscale Investments’ attempt to convert the Grayscale Bitcoin Trust (OTC: GBTC) into an ETF.
Grayscale Investments, the manager behind the leading cryptocurrency fund, first applied to convert its GBTC closed-end fund into an exchange-traded fund in October 2021, the Coindesk reports.
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