SEC Will Not Appeal Court Ruling on Grayscale Bitcoin ETF!

The US Securities and Exchange Commission (SEC) will reportedly not appeal a court ruling that found it was wrong to reject a bitcoin exchange-traded fund (ETF) application from Grayscale Investments. In August, the District of Columbia Court of Appeals ruled that the SEC was wrong to reject Grayscale’s ETF, paving the way for the agency to review the application. The SEC has denied all spot bitcoin ETF applications, including Grayscale’s, on the grounds that applicants have not shown they can protect investors from market manipulation. Other asset managers also have applications pending.