Posted 10/13/2023, 3:44:00 PM
SEC Decision on Grayscale Bitcoin ETF Application Due Tonight, Other Firms Await Rulings
- SEC deadline for appeal in dispute with Grayscale over spot bitcoin ETF is midnight tonight
- Grayscale applied in Oct 2021 to convert its Bitcoin Trust (GBTC) to an ETF
- Grayscale isn't alone; firms like BlackRock and Fidelity also await SEC approval
- Unclear if SEC would approve multiple ETF applications at once or in order received
- Experts say SEC approval partly priced in; unclear how much more bitcoin could outperform
