SEC Won’t Appeal Loss in GBTC Case, Boosting Odds BTC Trust Can Turn Into an ETF

SEC Won’t Appeal Loss in GBTC Case, Boosting Odds BTC Trust Can Turn Into an 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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