Posted 10/13/2023, 9:49:17 PM
SEC Declines to Appeal Ruling Bringing Bitcoin ETF One Step Closer
- SEC won't appeal court ruling that makes it more likely Grayscale can launch a Bitcoin ETF
- Court ruled SEC was "arbitrary and capricious" in rejecting Grayscale's application
- Court said SEC can't reject spot Bitcoin ETFs if it cleared Bitcoin futures ETFs
- SEC has until midnight to appeal; not appealing doesn't mean automatic approval for Grayscale
- Bitcoin price jumped after reports of SEC not appealing
