RIOT - Federal Appeals Court Rules For Grayscale In Spot Bitcoin ETF Case | Benzinga
The U.S. could be on the verge of getting its first spot bitcoin exchange-traded fund after a federal court ordered the Securities and Exchange Commission 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.
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