Reuters was first to report that the U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund (ETF).
Business & FinanceEconomy
SEC does not plan to appeal court decision on Grayscale bitcoin ETF
13 October 2023, 1:37 pm 1 minute
Market Impact
A spot bitcoin ETF would give investors exposure to the world’s largest cryptocurrency by market capitalization without having to own it. The SEC has denied all spot bitcoin ETF applications, including Grayscale’s, on the grounds applicants have not shown they can protect investors from market manipulation.
Article Tags
Topics of Interest: Business & FinanceEconomy
Type: Reuters Best
Sectors: Business & FinanceFinancial Services
Regions: Americas
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
