Court Formalizes Grayscale's Win Against SEC on Bitcoin ETF, But Approval Still Uncertain
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A federal court is poised to formalize Grayscale's win against the SEC on a dispute over a spot bitcoin ETF application.
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It's unclear if the court will direct the SEC toward a specific timeline to rethink the application.
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Grayscale is waiting for the court to close the case, legally setting its win in stone.
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The SEC could still reject the application again for different reasons or approve it and other ETF applications.
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If approved, Grayscale would convert its Bitcoin Trust to an exchange-traded product listed on NYSE Arca.