A Potential Big Win for Bitcoin: A Federal Court Overturned the SEC's Refusal to List a Spot Bitcoin ETF

09.01.23

On Tuesday, August 29, 2023, Bitcoin once again loomed large over financial markets after the D.C. Circuit Court of Appeals vacated an SEC order that rejected Grayscale Investments' ("Grayscale") application to list a spot Bitcoin exchange-traded fund ("ETF") on NYSE Arca. The price of Bitcoin initially jumped almost seven percent on the news. But as...

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