A federal court ruled that the U.S. Securities and Exchange Commission (SEC) must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust...
A federal appeals court ordered the SEC to "vacate" its rejection of the trust issuer's bid to convert the Grayscale Bitcoin Trust into an exchange-traded fund.
If the SEC decides to change course and approve one or more of the above stated spot bitcoin ETF applications, “it must do so in a fair and orderly manner,” the statement said...
Investors are betting that recent filings for spot BTC ETF improve the chances for Grayscale to convert its trust into an ETF and close the price gap, one observer said.