US Court issues mandate for Grayscale ruling, paving way for SEC to review spot Bitcoin ETF

In an Oct. 23 filing in the U.S. Court of Appeals for the District of Columbia Circuit, the “official mandate” of the court took impact, paving the way for the SEC to examine its choice on Grayscales area Bitcoin (BTC) exchange-traded fund, or ETF. The required followed the courts initial ruling on Aug. 29 and the SEC stopping working to provide an appeal by Oct. 13. Source: CourtlistenerRelated: Bitcoin ETF to trigger huge demand from organizations, EY saysThe Oct. 23 mandate declared the courts Aug. 29 judgment, giving Grayscale a 2nd bite at the apple in converting its Bitcoin Trust (GBTC) into a noted BTC ETF.