CRYPTO BUSINESS

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GBTC Becoming A Bitcoin ETF Imminent As SEC Won't Appeal Loss In Grayscale Case

The SEC was given time until midnight last Friday to submit a challenge to the court's decision that found it was unjust for the financial regulator to reject Grayscale Investments' application to create a spot bitcoin exchange-traded fund. The SEC's decision now clears the way for the first spot Bitcoin ETF in the U.S. although a separate approval order from the regulator is still required.

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