SEC Commissioner: If it weren't for Grayscale's appeal last year, the spot Bitcoin ETF could likely face unfavorable outcomes today

SEC Commissioner Hester Peirce stated that if it weren't for Grayscale's appeal last October, the spot Bitcoin ETF would likely face unfavorable results today. Golden Finance Note: The U.S. local appellate court rejected the SEC's decision in October 2023 to deny Grayscale Investment's application for a spot Bitcoin ETF. The court required the SEC to conduct a second review of Grayscale's application to convert its Grayscale Bitcoin Trust into a spot Bitcoin ETF.