Grayscale Bitcoin Trust is trading higher after the US federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application.
Portfolio Pulse from Benzinga Newsdesk
The US federal appeals court has ruled that the SEC was wrong to reject Grayscale's spot bitcoin ETF application, leading to a rise in the trading of Grayscale Bitcoin Trust.
August 29, 2023 | 2:45 pm
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Grayscale Bitcoin Trust's trading is up following a court ruling in favor of Grayscale's spot bitcoin ETF application.
The court ruling in favor of Grayscale's spot bitcoin ETF application is a positive development for Grayscale Bitcoin Trust. This could lead to increased investor confidence and demand for GBTC, potentially driving its price up in the short term.
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RELEVANCE 100