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SEC Won’t Be Appealing Court Decision on Grayscale Bitcoin ETF -Source Familiar
SEC Won’t Be Appealing Court Decision on Grayscale Bitcoin ETF -Source Familiar
— *seven (@sevenloI) October 13, 2023
Added at 4:07pm
Added at 4:13pm
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SEC Reportedly Decides Not to Appeal Its Bitcoin ETF Court Loss Against Grayscale
The Securities and Exchange Commission won’t appeal a court's scathing reversal of its decision not to let Grayscale convert its bitcoin trust into a more investor-friendly exchange-traded fund, Reuters reported Friday, possibly clearing the way for the first bitcoin ETF in the U.S. The markets regulator had until midnight Friday to decide on challenging the court's decision. The Reuters report suggests the SEC will let that deadline come and go without appealing. In August, the D.C. Circuit Court of Appeals ruled that the SEC’s denial of Grayscale Investment’s application to convert the Grayscale Bitcoin Trust ... (full story)
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