Published Oct 13, 2023 08:10PM ET Updated Oct 15, 2023 11:00PM ET
The United States Securities and Exchange Commission reportedly has no plans to appeal the recent court decision that favored Grayscale Investments. The ruling requires the SEC to review the firm’s spot Bitcoin (BTC) exchange-traded fund (ETF) application.
The SEC’s supposed decision not to appeal the U.S. Court of Appeals for the District of Columbia Circuit ruling was highlighted in an Oct. 13 report from Reuters, which cited “a source familiar with the matter.”
SEC reportedly won’t appeal court decision on Grayscale Bitcoin ETF