Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»Grayscale Wins Spot Bitcoin ETF Appeal Against SEC
ETHEREUM NEWS

Grayscale Wins Spot Bitcoin ETF Appeal Against SEC

By Crypto FlexsNovember 29, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Grayscale Wins Spot Bitcoin ETF Appeal Against SEC
Share
Facebook Twitter LinkedIn Pinterest Email
  • A federal appeals court sided with Grayscale Investments in its lawsuit against the SEC.
  • The court ruled that the SEC must reverse its rejection of the Grayscale spot Bitcoin ETF and review the application.
  • Major cryptocurrencies, including Bitcoin, Ethereum, and BNB, saw significant gains following the court ruling.

In a watershed moment for the cryptocurrency industry, a U.S. federal appeals court sided with GBTC issuer Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC) over its application for a spot Bitcoin ETF. The court ruled that securities regulators must reverse their rejection of a spot Bitcoin ETF and review Grayscale’s application for it.

BTC gets 6% on the court side in grayscale.

According to a decision by the U.S. Court of Appeals for the District of Columbia, Grayscale’s petition for review was granted and the SEC was ordered to vacate its previous order denying the GBTC issuer’s application for a spot Bitcoin ETF. The ruling comes more than a year after Grayscale sued the SEC for rejecting its application.

In a separate court opinion filed by Circuit Judge Rao, the court cited the SEC’s unequal treatment of the spot BTC ETF and the BTC Futures ETF, emphasizing that the federal agency should treat the case equally. The court also noted that securities regulators unreasonably applied the Howey test while evaluating the application of grayscale.

“The rejection of Grayscale’s proposal was arbitrary and capricious because the Commission failed to account for its different treatment of similar products.”

US Court of Appeals

The judges criticized the SEC for failing to explain how Grayscale’s spot BTC ETF would affect the price of Bitcoin futures traded on the Chicago Mercantile Exchange. They also highlighted that securities regulators have dismissed evidence that could have alleviated concerns related to the application of grayscale.

The federal appeals court ruling sent Bitcoin prices up 5.9%. The latest development also triggered a significant rally in the prices of other cryptocurrencies, including ETH (4.6%), BNB (6%), XRP (4.5%), ADA (6%), and others.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump’s pressure on the Fed pushes 15B to ETF, ‘under positioning’ Bitcoin Bull ‘

July 10, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Ethereum Dev Zack Cole starts an initiative for the ‘Tokenless’ project.

July 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Rich Miner plan aims to audit a stable encryption.

July 12, 2025

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025

Arthur Hayes will continue to predict the super -large Altcoin season.

July 11, 2025

Watt protocol audit summary -ACKEE blockchain

July 11, 2025

MultiBank Group Confirms $MBG Token TGE Set For July 22, 2025

July 11, 2025

BTC, LTC, XRP and other crypto hobby holders can earn $5282 per day – SWL Miner

July 11, 2025

What It Means For Crypto Investors

July 11, 2025

PUMP.FUN tokens are traded at 40% premium at ICO prices.

July 11, 2025

Mine Bitcoin And Dogecoin For Free With DL Mining! UK Compliance Platform Officially Opened

July 11, 2025

PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem

July 10, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Rich Miner plan aims to audit a stable encryption.

July 12, 2025

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025
Most Popular

How Sui Network’s 4.6 billion trading volume determines SUI’s next move

November 25, 2024

OKX introduces ULTI perpetual futures, margin trading and simple returns

June 9, 2024

Wall Street Journal charged with defamation over 2023 Tether-Bitfinex article

March 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.