A DC court issued a mandate, asserting its initial ruling that the SEC needs to reconsider a bid from Grayscale for a spot bitcoin ETF.
The U.S. Court of Appeals for the D.C. Circuit issued a formal mandate to assert its August ruling that the Securities and Exchange Commission needs to reconsider the bid from Grayscale Investments to convert its flagship GBTC fund into a spot bitcoin ETF.
"In accordance with the judgment of August 29, 2023, and pursuant to Federal Rule of Appellate Procedure 41, this constitutes the formal mandate of this court," according to the mandate filed on Monday. GBTC intends to list the shares on NYSE Arca under the symbol GBTC, and issue the shares on an ongoing basis upon approval of its S-3 form and a separate 19b-4 filing from NYSE Arca.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin spot ETF is years overdue, says 'mystified' SEC commissionerSEC Commissioner voices her support for a spot bitcoin ETF, saying she has supported it for years and doesn't get the agency's approach.
Consulte Mais informação »
Supreme Court To Hear Court Ban On Government Contact With Social Media CompaniesThe case has profound implications for almost every aspect of American life, especially at a time when there are great national security concerns about false information online.
Consulte Mais informação »
NY sues crypto firms, FTX’s Nishad faces 75 years in jail, and Grayscale’s new BTC filing: Hodler’s Digest, Oct. 15-21Nishad Singh testifies in Sam Bankman-Fried’s trial; New York sues Gemini, Genesis and Digital Currency Group; and Grayscale files for new spot Bitcoin ETF.
Consulte Mais informação »
CoinTelegraph 'tweet hoax' shows spot ETF is the 'only one game' in crypto market: QCPJPMorgan analysts anticipate approval for multiple such products 'within months,' but QCP does not foresee SEC approval for any ETF applications this year.
Consulte Mais informação »
Matrixport’s Bold Forecast: Bitcoin Set to Hit $56,000 Upon BlackRock ETF ApprovalCrypto Blog
Consulte Mais informação »
Bitcoin trades above $30,000 to start the week as hopes grow over ETFThe price of bitcoin rose to start the week, extending gains from the previous week helped by optimism about a bitcoin ETF and a flight to safety.
Consulte Mais informação »