Court decision on Grayscale v. SEC lawsuit could prove crucial for spot Bitcoin ETF applicants

Investors and applicants interested in spot Bitcoin exchange-traded funds (ETFs) are keeping a close eye on the ongoing court case between Grayscale and the U.S. Securities and Exchange Commission (SEC On June 29, 2022, the U.S. SEC rejected Grayscale’s application to convert the Grayscale Bitcoin Trust to a spot Bitcoin ETF.