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An important milestone is approaching for Grayscale, which filed a lawsuit in June last year after the SEC rejected a spot Bitcoin ETF request.
The critical decision of the court will be important not only for Grayscale, but also for other applications related to the Bitcoin spot ETF.
Blockworks from the US media made an important claim on the subject and wrote that the court would ask the SEC to reconsider the relevant application of the Grayscale company. In this way, it is stated that Grayscale will be forced to apply again and the process will be increased to 240 days again.
As is known, the SEC and its chairman, Gary Gensler, have long been opposed to spot Bitcoin ETFs. The SEC side stated that such mutual funds are open to manipulation.
However, the recent and updated applications of many companies, especially BlackRock, have increased the rumors that the SEC will approve these funds.
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