Crypto traders are eagerly awaiting a ruling on the Grayscale Trust vs SEC case, which may require the SEC to re-review the application for a spot Bitcoin ETF, potentially leading to a 240-day delay.
The U.S. District of Columbia Court of Appeals will soon rule on whether the SEC wrongly rejected Grayscale Investments' application to list a bitcoin exchange-traded fund, which could impact the approval of other bitcoin ETFs.
Bitcoin and other cryptocurrencies experience a surge in value as Grayscale Investments wins a court decision that increases the likelihood of a spot Bitcoin exchange-traded fund being approved.
Bitcoin surged over 5% to surpass $27,000 after a federal appeals court ruled that the U.S. Securities and Exchange Commission must review its rejection of Grayscale Investments' attempt to convert its Grayscale Bitcoin Trust into an ETF, potentially opening the door for a spot bitcoin ETF in the U.S.
The U.S. Court of Appeals has criticized the Securities and Exchange Commission (SEC) for acting "capriciously" and "arbitrarily" in denying a spot market bitcoin exchange-traded fund (ETF), potentially leading to a review of the previously rejected application and challenging the SEC's authority over cryptocurrencies.
Bitcoin led the cryptocurrency market higher following Grayscale's victory in the lawsuit against the SEC, but analysts caution that the victory does not guarantee the approval of a spot Bitcoin ETF.
Grayscale CEO Michael Sonnenshein celebrates the court victory over the SEC and anticipates converting Grayscale Bitcoin Trust into a Bitcoin ETF, potentially boosting crypto markets with billions in liquidity.
A federal appeals court ruling has opened the door for the launch of a spot Bitcoin exchange-traded fund (ETF), with a number of high-profile asset managers potentially being approved to enter the market, leading to increased competition and potential fee reduction for fund managers.
The United States Securities and Exchange Commission (SEC) has delayed BlackRock's application for a Bitcoin exchange-traded fund (ETF), pushing the decision deadline to October 17th.
The U.S. Securities and Exchange Commission's delay in approving the first spot bitcoin exchange-traded fund (ETF) has not diminished the optimism of many in the crypto industry, with approval still considered inevitable according to former SEC chair Jay Clayton, and pending applications from Blackrock, Fidelity, and others increasing the probability of approval, which would be a "watershed moment" for bitcoin.
The recent court ruling regarding Grayscale Investments has brought the U.S. a step closer to having its first bitcoin exchange traded fund, leading to excitement and speculation in the cryptocurrency industry.
Grayscale Investments has urged the U.S. SEC to approve its proposed Bitcoin ETF after winning a court victory against the agency, with the firm's law firm stating that the SEC should issue an order approving the product.
Grayscale has informed the SEC that there are no legal reasons left to block the conversion of its Bitcoin fund to a spot exchange-traded fund (ETF), following a court ruling against the regulator's denial of the conversion application.
Grayscale Bitcoin Trust (GBTC) has seen positive market trends and narrowing discounts to net asset value after a recent court victory, indicating a potential shift towards becoming a spot Bitcoin exchange-traded fund (ETF), according to Ark Invest.
The pursuit of a Bitcoin exchange-traded fund (ETF) may contradict the purpose and ideals of the crypto industry, as it undermines financial sovereignty and poses unnecessary counterparty risks, while potentially impeding mainstream adoption and the ownership of actual Bitcoin.
A court victory for Grayscale Bitcoin Trust may lead to its transformation into an exchange-traded fund, potentially providing a profitable opportunity for investors. However, the approval of the US Securities and Exchange Commission (SEC) remains uncertain, despite a recent favorable ruling.
Grayscale Advisors has filed for a new Ethereum futures exchange-traded fund (ETF) with the SEC, proposing to list and trade shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the NYSE Arca Rule 8.200-E.
