The post Grayscale Investments Triumphs in Landmark Legal Battle Against SEC, Paving the Way for Crypto ETFs appeared first on Coinpedia Fintech News
Grayscale Investments recently won a big legal battle against the SEC, which is a crucial step toward allowing cryptocurrency exchange-traded funds (ETFs). This ruling isn’t just about Grayscale’s Bitcoin Trust (GBTC); it sets rules for how regulators should handle future crypto ETF applications. Gautam Chhugani, a digital asset expert at Bernstein, highlighted how important this is for the entire crypto industry.
He said that the crypto market can be quite bumpy. For instance, when Grayscale had good news, Bitcoin’s price shot up by 6%, but it quickly fell when the SEC delayed a Bitcoin ETF decision. This shows how the crypto market is still pretty shaky and not very stable.
He wrote, “The market initially rallied on the Grayscale news with Bitcoin up 6%, but as the SEC delayed the first Bitcoin ETF decision, gave up all the g
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