Grayscale’s Bitcoin ETF Push: What’s Next After Court Ruling Stands

-- With the Securities and Exchange Commission opting against appealing a ruling that paves the way for Grayscale Investments LLC to convert its Bitcoin trust into an exchange-traded fund, analysts are now trying to gauge how the process may unfold from here.NYC Boosts Security Ahead of ‘All Out for Palestine’ Protest

What’s likely to occur is that dialog between Grayscale and the SEC is going to open up, according to James Seyffart, an analyst at Bloomberg Intelligence. “We’ll get more information next week and then we’ll know what happens next,” he said. Seyffart added that the regulator has the option to file an appeal with the Supreme Court, though he views that as highly unlikely to happen.Grayscale has argued that a conversion of GBTC into an ETF could unlock billions in value for its holders.

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Source: Digital Coin News (digitalcoinnews.net)

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