U.S. Regulator Grapples with Crucial Decisions on Multiple Bitcoin ETF Applications Following Legal Setback

The Securities and Exchange Commission (SEC) is on the clock, facing several pivotal decisions on Bitcoin exchange-traded fund (ETF) proposals after losing a case against Grayscale Investments in a federal appeals court. The court ruled on August 29 that the SECs denial of Grayscales Bitcoin ETF conversion was arbitrary and capricious. However, it remains uncertain how this legal upset will affect other pending Bitcoin ETF applications. Investment firms like Bitwise, BlackRock, Fidelity, Invesco, VanEck, and Wisdomtree are anxiously waiting for the SECs decisions on their respective...

source: https://tokenpost.com/US-Regulator-Grapples-with-Crucial-Decisions-on-Multiple-Bitcoin-ETF-Applications-Following-Legal-Setback-10600

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