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The value of crypto assets surged Tuesday after a US court cleared a path for the nation’s first bitcoin exchange-traded fund. The ruling is a breakthrough moment for Grayscale Investments won a case in appelate court to launch the first Bitcoin exchange-traded fund in the United States. This ruling could allow everyday investors Grayscale Investments LLC moved closer to launching a spot-based Bitcoin exchange-traded fund (ETF) in the US. A three-judge appeals panel in Washington on On Tuesday, the court ruled in favour of Grayscale, a cryptocurrency investment firm, in a lawsuit against the Securities and Exchange Commission (SEC). The Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), has secured a second landmark win for the crypto industry against the U.S. Securities and Exchange In June 2025, the SEC rejected Grayscale’s conversion proposal arguing that an ETF based on Bitcoin lacked adequate oversight to detect fraud. Grayscale sued to

US Court Clears Path for First Spot Bitcoin ETF in Grayscale Ruling: Crypto Market Surges

The value of crypto assets surged Tuesday after a US court cleared a path for the nation’s first bitcoin exchange-traded fund. This landmark decision is a breakthrough moment for the crypto industry, potentially opening the doors for broader mainstream adoption.

Grayscale Wins Key Legal Battle Against SEC

Grayscale Investments LLC moved closer to launching a spot-based Bitcoin exchange-traded fund (ETF) in the US after a significant victory in appellate court. Grayscale Investments won a case in appellate court to launch the first Bitcoin exchange-traded fund in the United States. A three-judge appeals panel in Washington ruled On Tuesday in favor of Grayscale, a cryptocurrency investment firm, in a lawsuit against the Securities and Exchange Commission (SEC).

Understanding the Grayscale Bitcoin Trust (GBTC) and the SEC's Rejection

Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), has secured a second landmark win for the crypto industry against the U.S. Securities and Exchange. The heart of the issue stemmed from the SEC's previous rejection of Grayscale’s conversion proposal. In June 2025, the SEC rejected Grayscale’s conversion proposal, arguing that an ETF based on Bitcoin lacked adequate oversight to detect fraud. Grayscale sued to challenge this decision, arguing that the SEC's reasoning was inconsistent with its approval of Bitcoin futures ETFs.

What This Means for Investors

This ruling could allow everyday investors easier access to Bitcoin through a regulated and familiar investment vehicle. The potential approval of a spot Bitcoin ETF could significantly increase the liquidity and stability of the Bitcoin market. With this new development Grayscale Investments may launch the first Bitcoin exchange-traded fund in the United States.

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