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Court Rules SEC Must Review Rejection of Grayscale's Bitcoin ETF Bid, Bitcoin Jumps 5%

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'The Hash' tackles today's hot topics, including a federal court ruling that the SEC must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. Bitcoin is surging on the news. Grayscale and CoinDesk are both owned by DCG. Separately, the SEC issued its first NFT-related enforcement action. And, some former FTX users are getting hit by a new phishing attack on their FTX-registered emails.

Mastercard, Binance to End Crypto Card Partnership; Why Meme Coin PEPE Is TumblingFTX Wants Galaxy to Manage its Crypto Billions; 'Napoleon Dynamite' Star Jon Heder's Journey to World of Web3Aug 23, 2023Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast.

Jennifer Sanasie is an anchor and producer at CoinDesk. She is a seasoned journalist, entrepreneur, and Web3 enthusiast who has made a significant impact in various industries. Jennifer previously anchored and produced at News24, the largest digital publisher in Africa. She has over a decade of experience reporting in the U.S., Canada and South Africa. Before joining CoinDesk, Jennifer worked with various Web3 companies in content and marketing.

 

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First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SECFirst bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC.
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Explainer: What's at stake in Grayscale's spot bitcoin ETF case against the SEC?The U.S. District of Columbia Court of Appeals will soon rule on whether the Securities and Exchange Commission (SEC) wrongly rejected an application from crypto asset manager Grayscale Investments to list an exchange-traded fund that tracks the price of bitcoin.
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Breaking: Bitcoin Price Surges as Grayscale Emerges Victorious Against SEC in ETF CaseThe court has decided to side with leading crypto asset manager Grayscale in a landmark ETF case
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SEC Must Review Grayscale's ETF Bid After Previous Rejection, Appeals Court RulesA 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.
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