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Grayscale CFO Outlines Next Steps Toward Bitcoin ETF Offering After Court Victory

Grayscale CFO Outlines Next Steps Toward Bitcoin ETF Offering After Court Victory


Grayscale Investments is preparing to roll out its first Bitcoin exchange-traded fund while awaiting approval from the Securities and Exchange Commission after a legal victory overturning the regulator’s rejection of its application.

In August, the Stamford, Conn.-based cryptocurrency asset manager made headlines when a court ruled that the SEC should not have denied its request to convert its Bitcoin trust into a spot Bitcoin ETF. A panel of judges said the company showed its proposed Bitcoin ETF was materially similar to futures-based Bitcoin ETFs that had previously been approved. The decision marked a crucial setback for the SEC, which has focused on regulating the crypto industry.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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