GBTC - SEC Backs Down In Grayscale Bitcoin ETF Case Won't Contest Court Decision: Report | Benzinga
The Securities and Exchange Commission has reportedly chosen not to contest a court decision that ordered the regulatory agency to review its rejection of Grayscale's application to turn its Bitcoin (CRYPTO: BTC) trust into a more accessible exchange-traded fund (ETF).
This move could potentially pave the way for the debut of the first Bitcoin ETF in the country, Reuters reported Friday.
This development will be a topic of interest at Benzinga's Future of Digital Assets conference on Nov. 14.
In August, the D.C. Circuit Court of Appeals declared the SEC's disapproval of Grayscale Investment's bid to transition the Grayscale Bitcoin Trust (OTC: GBTC) to ...