SEC Won't Appeal Court Ruling Allowing Grayscale to Convert Bitcoin Trust to Spot ETF

SEC has no plans to appeal court ruling allowing Grayscale to convert its Bitcoin Trust into a spot BTC ETF.

Grayscale sued SEC last year after its bid to convert the Trust into an ETF was rejected.

A judge recently ruled SEC must reconsider Grayscale's application.

Other firms like BlackRock, Invesco, and Fidelity have also applied for spot Bitcoin ETFs.

Ex-BlackRock exec believes SEC will approve all spot Bitcoin ETF applications simultaneously.