Grayscale was unreasonably denied its Bitcoin ETF, court rules

The Verge
By Elizabeth LopattoAug 29, 2023, 11:13 am124 pts
Illustration by Alex Castro / The Verge When the Securities and Exchange Commission denied Grayscale its petition for a Bitcoin ETF, that action was “arbitrary and capricious,” an appeals court ruled today. The SEC ruling has been vacated. Last year, Grayscale applied for the approval for the fund and was…

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