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The Court of Appeals for the D.C. Circuit had just granted Grayscale Investments’ petition to review a Securities and Exchange Commission (SEC) order. This Beginning under Chair Jay Clayton in 2025 and through March 2025, the Commission disapproved more than 20 exchange rule filings for spot bitcoin ETPs. One of Grayscale retaliated by suing the SEC in June 2025, arguing that the SEC had acted arbitrarily in approving ETFs investing in bitcoin futures contracts while rejecting In a filing, the agency announced that applications for 11 issuers, including BlackRock and Grayscale, had been approvedthe culmination of a process that began in The U.S. District of Columbia Court of Appeals on Tuesday ruled that the Securities and Exchange Commission (SEC) was wrong to reject an application from crypto The firm has taken the SEC to court over repeated denials to convert its flagship Bitcoin fund into a spot Bitcoin ETF. A spot Bitcoin ETF would enable institutions to

Grayscale Argues for Spot Bitcoin ETF Approval from SEC: A Breakthrough for Crypto?

The quest for a spot Bitcoin ETF in the United States has been a long and arduous journey, marked by repeated denials and legal challenges. However, recent developments suggest a potential turning point, with Grayscale Investments leading the charge for approval from the Securities and Exchange Commission (SEC).

Grayscale's Legal Battle with the SEC

The firm has taken the SEC to court over repeated denials to convert its flagship Bitcoin fund into a spot Bitcoin ETF. Their legal battle gained significant momentum when

Grayscale's argument centers around the SEC's alleged inconsistent treatment of Bitcoin-related investment products.

The SEC's Shifting Stance and Recent Approvals

For years, the SEC,

The culmination of this process resulted in a landmark decision.

Why a Spot Bitcoin ETF Matters

A spot Bitcoin ETF would represent a major step forward for the cryptocurrency industry.

While the initial approvals are a cause for celebration, the journey is far from over. Grayscale continues to advocate for its own conversion, and the broader implications of these approvals are still unfolding. The approval of Grayscale's spot Bitcoin ETF would provide mainstream adoption. Stay tuned for further developments as Grayscale argues for its rightful place in the expanding world of cryptocurrency investments.

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