The federal appeals court for the District of Columbia recently ruled in favor of Grayscale Investments in their attempt to turn their Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). Judge Neomi Reo granted Grayscale’s order to review and vacated the SEC’s order to deny the GBTC listing application, citing that the SEC did not offer any explanation as to what Grayscale had done wrong. Despite this victory, the SEC has not yet backed down from their opposition.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	8
People	SEC, Gary Gensler, Grayscale Investments, Neomi Rao
Companies	SEC, Exchange-Traded Fund, Grayscale Bitcoin Trust, District of Columbia, Grayscale Investments
Currencies	Ethereum, Bitcoin, goBTC
Securities	None