Court Mandate Gives Grayscale Another Chance at Bitcoin Spot ETF After SEC Declined Appeal

U.S. Court of Appeals issued a mandate following decision requiring SEC to review Grayscale's spot Bitcoin ETF application.

Mandate came after SEC did not appeal the court's initial Aug. 29 ruling in favor of Grayscale.

Mandate reaffirms court's previous ruling, giving Grayscale another chance to convert its Bitcoin Trust into a listed BTC ETF.

SEC has never approved a spot crypto ETF, but has approved BTC and ETH futures ETFs.

Grayscale recently submitted registration statement to SEC to list its Bitcoin Trust shares on NYSE Arca under GBTC ticker.