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SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF

Bitcoin’s price immediately shot up after the news came out.

Updated Oct 16, 2023, 3:45 p.m. Published Oct 13, 2023, 9:07 p.m.
Photo of the SEC logo on a building wall
The U.S. Securities and Exchange Commission apparently won't continue its court dispute with Grayscale over its spot bitcoin ETF application. (Nikhilesh De/CoinDesk)