Was the SEC wrong to reject grayscale Bitcoin Trust?

A federal appeals court in Washington DC on Tuesday ruled the Securities and Exchange Commission was wrong to reject Grayscale’s application to convert its flagship vehicle — Grayscale Bitcoin Trust — into an ETF.

Why did the SEC vacate the grayscale Bitcoin Trust?

Probing the intersection of crypto and government. A federal appeals court ordered the SEC to "vacate" its rejection of the trust issuer's bid to convert the Grayscale Bitcoin Trust into an exchange-traded fund. May 29-31, 2024 - Austin, Texas The biggest and most established global hub for everything crypto, blockchain and Web3. Register Now

Can the SEC appeal the grayscale decision?

The SEC has said it plans to appeal that finding. If the SEC appeals the Grayscale ruling, the case would go either to the U.S. Supreme Court or a review by the entire D.C. appeals court. If the SEC chooses not to appeal, the court would issue a mandate specifying how its decision should be executed.