Grayscale Beats SEC in Bitcoin ETF Lawsuit…
A big step towards getting more investment into Bitcoin! Grayscale beats the SEC thoroughly in its lawsuit to convert their Bitcoin Trust (GBTC) into a spot Bitcoin ETF. Bitcoin ETFs can allow more money to easily flood in to buy bitcoin from places like retail investors and huge institutional investors.
Here’s the Grayscale CEO on CNBC discussing the lawsuit decision. Note to CNBC: Change the chyron from “Crypto’s Big Win” to “Bitcoin’s Big Win”. This involves only Bitcoin not any other crypto which are very different from Bitcoin, which is a digital asset not run by a company.