Regulatory · August 29, 2023

Grayscale wins ETF lawsuit vs. SEC

Price at event

$27,750

Today

$73,405

Since then

×2.6

DC Circuit rules the SEC's denial of GBTC conversion was 'arbitrary and capricious.' Forces the SEC's hand on spot ETFs. The ETF approval becomes inevitable from this date.

⸺ Sources ⸺

primaryGrayscale Investments Prevails in Lawsuit Against the SEC to Convert GBTC to an ETF (official press release, Aug 29 2023) ↗
newsCoinDesk: Grayscale Victory Against SEC Clears Path for Spot Bitcoin ETFs ↗
newsCoinDesk: Grayscale Court Victory Over SEC in Spot Bitcoin ETF Case Made Final ↗

← Earlier

Prime Trust files for Chapter 11 bankruptcy after Nevada receivership

Later →

SBF found guilty on all 7 counts

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