Can a grayscale ETF Open the door to other bitcoin ETFs?

The appeals court found that the Grayscale ETF was treated differently than similar products, such as Bitcoin futures ETFs. If the appeals court’s ruling stands, it may open the door for other Bitcoin ETFs. Firms such as BlackRock and Fidelity have applied for their own ETFs. The SEC has 45 days to appeal this ruling.

Did a federal appeals court win grayscale Investments' bid to create a bitcoin fund?

Get in Touch A federal appeals court formalized a victory for Grayscale Investments LLC in its bid to create an exchange-traded fund based on Bitcoin over the objection of the US Securities and Exchange Commission.

Is grayscale a spot bitcoin ETF?

The SEC last year denied Grayscale's application to convert its spot Grayscale Bitcoin Trust (GBTC.PK) into an ETF, listed on the New York Stock Exchange's Arca market. While the agency has rejected spot bitcoin ETFs, it has approved bitcoin futures ETFs, which track agreements to buy or sell bitcoin at a pre-agreed price.