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Grayscale has won the lawsuit against the US Securities and Exchange Commission (SEC). A US federal court revoked the SEC's order to deny Grayscale's application for a spot Bitcoin ETF, ruling that the SEC must review the application.
Grayscale first applied for its GBTC Trust to be converted into a spot Bitcoin ETF in October 2021. After the SEC denied the application, Grayscale filed a lawsuit against the regulator, asking for a review of the order.
After winning the lawsuit, Grayscale CEO Sonnenshein said the company's legal team was "actively reviewing the Court's opinion".
To learn more about spot Bitcoin ETFs, please visit: Journey to Spot Bitcoin ETFs
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