Grayscale Legal Team Letter: What to Consider in the Next Bitcoin ETF ResolutionSource: Grayscale; Compiler: Songxue, Golden Finance
On August 29, 2023, a panel of the D.C. Circuit Court of Appeals reversed the SEC's June 2022 decision denying the Grayscale Bitcoin Trust (GBTC) to convert into a spot Bitcoin ETF. This is an important milestone in GBTC's conversion process - a victory. Reap the celebrations from GBTC shareholders, the Grayscale team and the wider Bitcoin, cryptocurrency and investment community.
Today, after reviewing the court's opinion, our legal team, along with attorneys for Davis Polk & Wardwell and Munger Tolles & Olsen, sent a letter to the SEC containing important information to consider when deciding next steps.
The following is the content of the letter, edited by Golden Finance...
金色财经_·2023-09-06 03:25