The Grayscale Bitcoin Trust (GBTC) experienced an uptick in activity recently, recording its highest level of trading in more than a year. The surge happened after a U.S. federal appeals court mandated that the Securities and Exchange Commission (SEC) reconsider its earlier decision, which had rejected Grayscales bid to turn its existing bitcoin fund into an exchange-traded fund (ETF). Grayscales Bitcoin fund currently oversees around $17 billion in BTC assets. The parent company of Grayscale, DCG, also operates CoinDesk. The recent court ruling has set the stage for a new chapter in the...
source: https://tokenpost.com/Grayscale-Bitcoin-Trust-Sees-Trading-Surge-After-Regulatory-Setback-for-US-Authorities-10595
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