SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF

The Securities and Exchange Commission won’t appeal a court’s scathing reversal of its decision not to let Grayscale convert its bitcoin trust into a more investor-friendly exchange-traded fund, according to a person familiar with the matter, possibly clearing the way for the first bitcoin ETF in the U.S.

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• Source: https://www.coindesk.com/policy/2023/10/13/sec-reportedly-decides-not-to-appeal-its-bitcoin-etf-court-loss-against-grayscale/?utm_medium=referral&utm_source=rss&utm_campaign=headlines