Did the SEC approve grayscale's bitcoin fund?

SEC Grayscale Investments, LLC v. SEC, No. 22-1142 (D.C. Cir. 2023) The Securities and Exchange Commission recently approved the trading of two bitcoin futures funds on national exchanges but denied approval of Grayscale’s bitcoin fund.

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.

Why did the SEC vacate the grayscale Bitcoin Trust?

Probing the intersection of crypto and government. A federal appeals court ordered the SEC to "vacate" its rejection of the trust issuer's bid to convert the Grayscale Bitcoin Trust into an exchange-traded fund. May 29-31, 2024 - Austin, Texas The biggest and most established global hub for everything crypto, blockchain and Web3. Register Now