The Grayscale vs. SEC Decision May Be Tomorrow
Recall that the U.S. Court of Appeals for the District of Columbia Circuit postponed its decision on the Grayscale vs. SEC case last week. This case pertains to Grayscale's bid to transform its Bitcoin Trust into an exchange-traded fund (ETF). Originally projected for August 15th, the decision is now expected to be announced tomorrow, August 22nd.
While a favorable outcome for Grayscale wouldn't guarantee immediate ETF approval, it could significantly tip the scales. Keep in mind that both parties have the option to appeal the court's decision, contributing to the uncertainty.
Additionally, in a separate development, the BlackRock decision is expected in 12 days, on September 1st. These events are anticipated to usher in market volatility, and the favorableness of this volatility is contingent on the outcome. Watch out!
NFA. DYOR.
2 comments