{"id":27687,"date":"2023-08-29T17:03:58","date_gmt":"2023-08-29T17:03:58","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/08\/29\/grayscale-secures-a-big-win-against-sec-in-bitcoin-etf-case\/"},"modified":"2023-08-29T17:03:58","modified_gmt":"2023-08-29T17:03:58","slug":"grayscale-secures-a-big-win-against-sec-in-bitcoin-etf-case","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/08\/29\/grayscale-secures-a-big-win-against-sec-in-bitcoin-etf-case\/","title":{"rendered":"Grayscale secures a big win against SEC in Bitcoin ETF case"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/185290871_m_normal_none-min-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/185290871_m_normal_none-min-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/185290871_m_normal_none-min-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/185290871_m_normal_none-min-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/08\/185290871_m_normal_none-min.jpg\" alt=\"grayscale win against sec in bitcoin etf case\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>U.S. courtroom guidelines in favour of Grayscale in its lawsuit against SEC.<\/li>\n<li>Today\u2019s ruling paves the way in which for the primary U.S. Bitcoin ETF.<\/li>\n<li>Bitcoin and Ethereum jumped over 5.0% following the information.<\/li>\n<\/ul>\n<p>The U.S. Court of Appeals for the DC Circuit simply dominated in favour of Grayscale in its long-running lawsuit against the Securities &amp; Exchange Commission.<\/p>\n<h2>First U.S. Bitcoin ETF is now anticipated quickly<\/h2>\n<p>SEC had blocked the asset supervisor\u2019s effort to transform its flagship <a href=\"https:\/\/coinjournal.net\/news\/is-the-grayscale-bitcoin-trust-gbtc-stock-a-good-buy-now\/\">Grayscale Bitcoin Trust<\/a> to an exchange-traded fund final 12 months.<\/p>\n<p>But the ruling this morning paves the way in which for a Bitcoin ETF not only for Grayscale but additionally for others which have utilized for one, together with <a href=\"https:\/\/coinjournal.net\/news\/should-exchanges-fear-a-blackrock-etf\/\">BlackRock<\/a> and <a href=\"https:\/\/www.coindesk.com\/business\/2023\/06\/29\/asset-manager-fidelity-files-for-spot-bitcoin-exchange-traded-fund\/\" target=\"_blank\" rel=\"noopener\">Fidelity<\/a>. A Grayscale spokeswoman mentioned right this moment:<\/p>\n<blockquote>\n<p>[Ruling] is a monumental step ahead for buyers, Bitcoin ecosystem, and people who have been advocating for Bitcoin publicity by means of added protections of ETF wrapper.<\/p>\n<\/blockquote>\n<p>Bitcoin in addition to Ethereum jumped greater than 5.0% following the announcement on Tuesday.<\/p>\n<h2>Why does a Bitcoin ETF entice all of the hype?<\/h2>\n<p>Note that a Spot Bitcoin ETF is a big deal as a number of consultants are satisfied that it could assist increase institutional curiosity in the cryptocurrency and doubtlessly unlock its subsequent leg up.<\/p>\n<p>Shares of <a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase Global<\/a> \u2013 the listed custodian accomplice in a bunch of functions for such an exchange-traded fund are additionally up practically 15% at writing. According to Dave Weisberger \u2013 the Chie Executive of CoinRoutes:<\/p>\n<blockquote>\n<p>It nearly ensures they may approve BlackRock and Fidelity. Grayscale might must refile, however they may virtually certainty be authorised as properly.<\/p>\n<\/blockquote>\n<p>The Grayscale Bitcoin Trust at present manages belongings value about $16 billion. The aforementioned lawsuit against the U.S. Securities &amp; Exchange Commission <a href=\"https:\/\/www.cnbc.com\/2022\/06\/30\/grayscale-sues-sec-after-rejected-bid-to-turn-bitcoin-fund-into-etf.html\" target=\"_blank\" rel=\"noopener\">started<\/a> in June of 2022.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/grayscale-win-against-sec-in-bitcoin-etf-case\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] U.S. courtroom guidelines in favour of Grayscale in its lawsuit against SEC. Today\u2019s ruling paves the way in which for the primary U.S. Bitcoin ETF. Bitcoin and Ethereum jumped over 5.0% following the information. The U.S. Court of Appeals for the DC Circuit simply dominated in favour of Grayscale in its long-running lawsuit against [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[142,20,340,939,346,571,127,422],"class_list":["post-27687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-big","tag-bitcoin","tag-case","tag-etf","tag-grayscale","tag-sec","tag-secures","tag-win","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=27687"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27687\/revisions"}],"predecessor-version":[{"id":27688,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27687\/revisions\/27688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/27689"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=27687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=27687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?po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