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SEC Faces Midnight Deadline to Appeal Court Ruling on Grayscale Bitcoin ETF
    Posted on 10/14/2023
The U.S. Securities and Exchange Commission (SEC) has until midnight Eastern Time to appeal a court order regarding Grayscale Investments' Bitcoin ETF application. The D.C. Circuit Court criticized the SEC's initial rejection as 'arbitrary and capricious.' If no action is taken, Grayscale's application to convert its Bitcoin Trust into a Bitcoin ETF will automatically revive. The decision could influence not just Grayscale but also other pending applications from financial giants like BlackRock and Fidelity.
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