It looks like Grayscale’s win over the SEC at the district court level will finally open the door for a retail Bitcoin
BTC
ETH
Grayscale Bitcoin Trust is a publicly traded trust (ticker: GBTC) holding about $16 billion worth of Bitcoin cryptocurrency which has been trying for years to convert into a retail ETF. However, the Securities and Exchange Commission continually shut them down in the past on the grounds that Bitcoin as an asset class lacked sufficient consumer protections. Grayscale’s counter argument was that a Bitcoin ETF would be safer for investors because the Bitcoin blockchain does not move at the same speed as current stock-trading technologies.
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