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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