Court Mandate Gives Grayscale Another Chance at Bitcoin Spot ETF After SEC Declined Appeal
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U.S. Court of Appeals issued a mandate following decision requiring SEC to review Grayscale's spot Bitcoin ETF application.
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Mandate came after SEC did not appeal the court's initial Aug. 29 ruling in favor of Grayscale.
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Mandate reaffirms court's previous ruling, giving Grayscale another chance to convert its Bitcoin Trust into a listed BTC ETF.
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SEC has never approved a spot crypto ETF, but has approved BTC and ETH futures ETFs.
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Grayscale recently submitted registration statement to SEC to list its Bitcoin Trust shares on NYSE Arca under GBTC ticker.
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