Grayscale asset management has won its case against the US SEC, fueling a $700 rise in Bitcoin price
Grayscale Asset Manager has won its longstanding case against the US Securities and Exchange Commission .
The case made headlines amid ongoing spot Bitcoin Exchange Traded Fund mania when Grayscale wrote an open letter to the SEC. The victory means Grayscale’s Bitcoin Trust could be converted into a spot BTC ETF. However, the SEC has 45 days to appeal the ruling, in which case it would either go to the Supreme Court or an en banc panel review.
Crypto markets have pivoted around the development, providing the much-needed impulse to break consolidation.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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