SEC’s Deadline for Bitcoin ETF Appeal in Grayscale’s Case Nears!

The post SEC’s Deadline for Bitcoin ETF Appeal in Grayscale’s Case Nears! appeared first on Coinpedia Fintech News

The US Securities and Exchange Commission (SEC) has until October 13 to appeal a court decision in the case of Grayscale Investments, which could lead to the sale of a bitcoin ETF. Although an appeal is considered unlikely, there remain several potential obstacles to Grayscale’s conversion of its Grayscale Bitcoin Trust to a spot Bitcoin ETF, including the possibility of the SEC requesting the D.C. Circuit Court of Appeals to revisit its decision. While delays in the approval process for the ETF seem to be inevitable, Bloomberg analysts say approval is likely to come this year, with odds recently updated to 75%, up from the previously reported 50%.