On Tuesday, August 29, 2023, The U.S. Court of Appeals, District of Columbia Circuit (Court) unanimously granted Grayscale’s petition for review of the Securities Exchange Commission’s (SEC) denial of Grayscale’s Bitcoin Exchange Traded Product (Grayscale ETP) and vacated the SEC denial order. The Court chastised the SEC for its “arbitrary and capricious” treatment of Grayscale’s ETP and its inconsistent treatment of substantially identical cases where it approved bitcoin futures ETPs from Teucrium and Valkyrie.
The following editorial was written by guest authors Wyatt Noble and Michael Handelsman for Kelman.Law
Brief Spot and Futures Markets Explainer
Those unfamiliar with spot and futures markets keep reading. However, feel free to skip ahead if you are already familiar with traditional financial markets and the two recently approved bitcoin futures.
Spot market is a term for cash markets of commodities or financial instruments. In a spot market, one can exchange cash fo
We współpracy z: https://news.bitcoin.com/dc-circuit-court-of-appeals-chastises-sec-for-grayscale-denial/
