The U.S. Court of Appeals for the D.C. Circuit issued a formal mandate to assert its August ruling that the Securities and Exchange Commission needs to reconsider the bid from Grayscale Investments to convert its flagship GBTC fund into a spot bitcoin ETF. The widely expected and procedural move followed the SEC's announcement last week that it did not intend to appeal the ruling. While Grayscale followed by submitting a fresh filing for the fund, it's not clear if the SEC could seek to reject the application for another reason. "In accordance with the judgment of August 29, 2023, and pursuant to Federal Rule of ... (full story)