Grayscale’s AUM soars after court win, but it faces stiff competition in ETF markets

The days since Grayscale’s critical court win against the SEC have seen the company face challenges and opportunities.

On Aug. 29, a court ruled that the SEC must reconsider Grayscale’s application to transform its GBTC fund into a spot Bitcoin ETF, overturning the SEC’s initial denial on grounds that the decision was “arbitrary and capricious,” given the commission’s handling of similar applications from other entities.