In a potentially pivotal moment for the Bitcoin and crypto industry, the D.C. Circuit Court of Appeals is anticipated to deliver a verdict on Grayscale Investments’ lawsuit against the US Securities and Exchange Commission (SEC) this week. The lawsuit pertains to Grayscale’s bid to convert its Bitcoin trust into a spot Bitcoin exchange-traded fund (ETF).
Grayscale Bitcoin Spot ETF Verdict This Week?
James Seyffart, a Bloomberg analyst, has been vocal about the possible decision date, remarking on Twitter, “Tomorrow is 8/15,” referring to his timeline for a Bitcoin spot ETF. The spreadsheet sets August 15 for a decision in the lawsuit between Grayscale and the SEC.
He added, “8/15 has been my theoretical Grayscale lawsuit decision date for a while now but it’s really just an educated guess.” Seyffart further elaborated on his prediction, mentioning, “I didn’t even do detailed analysis on the court decisions like Scott Johnsson did. But I did a little bit of it and also
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