US Court of Appeals Orders SEC to Review Grayscale's Bitcoin ETF Proposal
Summary:
The US Court of Appeals has demanded the Securities and Exchange Commission (SEC) to review Grayscale Investments' spot Bitcoin exchange-traded fund (ETF) application, following a formal mandate issued on October 23. The measure comes in the light of the SEC's failure to appeal an initial court ruling by the stipulated deadline. The story is ongoing, with additional details to be made available as they emerge.
The US Court of Appeals has demanded a review of Grayscale Investments' proposal for a spot Bitcoin exchange-traded fund by the Securities and Exchange Commission (SEC), according to its resolution. The court ratified a definitive mandate on October 23, opening the path for the SEC to re-evaluate its stance on Grayscale's spot Bitcoin (BTC) exchange-traded fund (ETF). The mandate came after the court's initial judgment on August 29 and the SEC's failure to appeal by October 13. As this story continues to unfold, more details will be provided when they come to light.
Published At
10/23/2023 7:16:18 PM
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