Ryan Louvar, WisdomTree’s chief legal officer and head of business and legal affairs for digital assets, breaks down the latest in crypto ETFs. On today’s…
Grayscale victory big boost for decade-long spot bitcoin ETF push zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
A court ruling siding
with Grayscale Investments is a big boost for the cryptocurrency
industry s decade-long effort to launch an exchange-traded fund
that tracks bitcoin, even if it does not.
A court ruling siding with Grayscale Investments is a big boost for the cryptocurrency industry's decade-long effort to launch an exchange-traded fund that tracks bitcoin, even if it does not immediately open the floodgates for such products. A three-judge panel of the District of Columbia Court of Appeals in Washington on Tuesday ruled that the Securities and Exchange Commission was wrong to reject Grayscale's proposed bitcoin ETF without explaining its reasoning, in a case that has been closely watched by the industry. The ruling requires the SEC to review Grayscale's application, meaning there is no certainty it will reach a different conclusion and greenlight the product.