What is grayscale's Bitcoin Trust?

Grayscale's Bitcoin Trust issues common units of fractional shares which represent ownership in the Trust. The trust issues shares to accredited and authorized investors from time to time, with no set ongoing redemption program, in exchange for Bitcoin.

Will grayscale's win over the SEC open the door for a bitcoin ETF?

It looks like Grayscale’s win over the SEC at the district court level will finally open the door for a retail Bitcoin ETF that actually holds the cryptocurrency.

How do Bitcoin Trust shares work?

The trust issues shares to accredited and authorized investors from time to time, with no set ongoing redemption program, in exchange for Bitcoin. This chart plots the average weekly premium in the total value of Bitcoin Trust shares (GBTC) to the Net Asset Value (NAV) of the Trust holdings of Bitcoin.

Did grayscale's ruling affect the price of bitcoin?

Grayscale’s success in court does not really seem to have had that much of an effect on the price of Bitcoin. There was a short-lived spike in the price immediately following the ruling, but it remains considerably below the YTD high it hit in mid-July and about where it was the day before the ruling was announced.