Grayscale Bitcoin Trust Sees Trading Surge After Regulatory Setback for U.S. Authorities

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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