Grayscale Poised to Convert Bitcoin Fund to ETF After SEC Court Defeat
- Grayscale ready to convert GBTC to ETF upon SEC approval after court loss
- SEC failed to appeal court ruling that declining Grayscale's ETF application was "arbitrary"
- Grayscale, BlackRock, Fidelity await spot bitcoin ETF approval from SEC
- Analysts say SEC under pressure to approve spot bitcoin ETF after court loss
- Rumor of BlackRock ETF approval briefly spiked bitcoin price 10% before debunked
