After a Circuit Court of Appeals in DC negated a past SEC ruling that blocked Grayscale’s (GBTC) efforts for a bitcoin spot ETF, Grayscale’s chief legal officer, Craig Salm said he expects regulators will approve the ETF, according to Tech Crunch’s Jacquelyn Melinek. “It’s a matter of when, not a matter of if,” for the U.S. approval, said the regulator on a TechCrunch’s Chain Reaction podcast, according to the story. Coinbase (COIN) is a publicly traded company that may be impacted by this news.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GBTC:
- Crypto Legal Victory Clears the Runway for Riot Platforms Stock (NASDAQ:RIOT)
- What Does the Greyscale (OTHEROTC:GBTC) Ruling Mean for Cryptocurrency?
- Grayscale could still lose U.S. spot Bitcoin ETF race, Bloomberg reports
- Coinbase (NASDAQ:COIN) Rejoices, the Bitcoin ETF Stands
- Coinbase, bitcoin miners jump as court sides with Grayscale over SEC