Is grayscale suing the SEC on a bitcoin ETF?

The D.C. Circuit Court of Appeals has ruled in favor of Grayscale, a digital asset management firm, in a lawsuit against the U.S. Securities and Exchange Commission (SEC) on the matter of a bitcoin ETF, according to a legal filing on Tuesday.

Can the SEC appeal the grayscale decision?

The SEC has said it plans to appeal that finding. If the SEC appeals the Grayscale ruling, the case would go either to the U.S. Supreme Court or a review by the entire D.C. appeals court. If the SEC chooses not to appeal, the court would issue a mandate specifying how its decision should be executed.

Will the SEC revisit grayscale's application for a spot bitcoin ETF?

The appeals court is expected to issue a mandate specifying how its decision should be executed, which will likely include instructing the SEC to revisit Grayscale's application. Several other asset managers, including BlackRock (BLK.N), Fidelity and Invesco, have similar filings pending with the SEC for a spot bitcoin ETF.

The World's Leading Crypto Trading Platform

Get my welcome gifts