US Court issues mandate for Grayscale ruling, paving way for SEC to review spot Bitcoin ETF By Cointelegraph
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The United States Court of Appeal has issued a mandate following a decision requiring Grayscale Investments application for a spot exchange-traded fund to be reviewed by the Securities and Exchange Commission (SEC).
In an Oct. 23 filing in the U.S. Court of Appeals for the District of Columbia Circuit, the “formal mandate” of the court took effect, paving the way for the SEC to review its decision on Grayscale’s spot Bitcoin (BTC) exchange-traded fund, or ETF. The mandate followed the court’s initial ruling on Aug. 29 and the SEC failing to present an appeal by Oct. 13.
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© Reuters.
The United States Court of Appeal has issued a mandate following a decision requiring Grayscale Investments application for a spot exchange-traded fund to be reviewed by the Securities and Exchange Commission (SEC).
In an Oct. 23 filing in the U.S. Court of Appeals for the District of Columbia Circuit, the “formal mandate” of the court took effect, paving the way for the SEC to review its decision on Grayscale’s spot Bitcoin (BTC) exchange-traded fund, or ETF. The mandate followed the court’s initial ruling on Aug. 29 and the SEC failing to present an appeal by Oct. 13.
Continue Reading on Cointelegraph
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