SEC Faces Mandate to Review Grayscale's Bitcoin ETF After Losing Court Battle
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SEC reportedly will not appeal court ruling forcing review of Grayscale's spot Bitcoin ETF application.
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If denied, Grayscale can appeal decision. Approval could take until 2024.
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Court to issue mandate outlining how SEC should execute ruling.
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SEC and Grayscale dialogue on next steps expected to begin soon.
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Around 7 spot Bitcoin ETF applications await SEC decision. ARK Invest has 90% chance of approval in 2024.
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