against the Securities and Exchange Commission over its application for a spot bitcoin exchange-traded fund..
"Today, the D.C. Circuit ruled in favor of Grayscale in our lawsuit challenging the SEC’s decision denying GBTC’s conversion to an ETF," a Grayscale spokesperson said. The SEC has said that futures products are harder to manipulate as the market is based on futures prices from the CME, which is Commodity Futures Trading Commission-regulated.
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