Win Over SEC Ups Chances for Bitcoin ETF Approval ...Middle East

The Hill - Technology
Win Over SEC Ups Chances for Bitcoin ETF Approval
source : The Hill ( Middle East ) () 34
Grayscale Investments’ court victory over the Securities and Exchange Commission on Tuesday sent cryptocurrency prices soaring, as the market eyes a ruling that may allow the first ever cryptocurrency-based exchange traded fund. If Grayscale’s Bitcoin ETF gets approved, it would be the first time a cryptocurrency is directly tradable on the traditional stock market and available to any investor with a brokerage account. The SEC denied Grayscale’s application to turn its Bitcoin fund into an ETF last year, but the company sued the agency saying that approvals for similar crypto-related ETFs show that their product should be approved as well. The D.C. Circuit Court of Appeals sided

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