STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Hannah Lang
A panel of judges in the District of Columbia Court of Appeals in Washington said the securities regulator's denial of Grayscale's proposal was arbitrary and capricious because the SEC failed to explain its different treatment between bitcoin futures ETFs and spot bitcoin ETFs. The ruling could be a boon for bitcoin, as a spot bitcoin ETF would provide investors the opportunity to gain exposure to the digital asset without having to purchase bitcoin via a retail exchange or custody the asset in a separate crypto wallet.
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U.S. SEC was wrong to deny Grayscale spot bitcoin ETF proposal, court findsThe price of bitcoin, the world’s largest cryptocurrency, was last up 3.5% at $27,000 following the decision
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Explainer-What's at stake in Grayscale's spot bitcoin ETF case against the SEC?By Hannah Lang (Reuters) - The U.S. District of Columbia Court of Appeals will soon rule on whether the Securities and Exchange Commission (SEC) ...
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US Court Paves Way for First Bitcoin ETF in Grayscale RulingGrayscale Investments LLC got backing from a federal court to launch the first Bitcoin exchange-traded fund in the US, a watershed moment in the cryptocurrency industry’s quest to tap billions of dollars from everyday investors.
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Bitcoin, Crypto Stocks Jump After US Court Paves Way for ETFBitcoin jumped and shares of crypto-related companies surged after after a US court overturned a decision by the Securities and Exchange Commission to block an ETF that invests directly in the cryptocurrency.
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