{"id":5904,"date":"2023-10-24T16:48:01","date_gmt":"2023-10-24T16:48:01","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=5904"},"modified":"2023-10-24T16:48:01","modified_gmt":"2023-10-24T16:48:01","slug":"what-will-sec-decide-for-spot-etfs","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-will-sec-decide-for-spot-etfs\/","title":{"rendered":"What will SEC decide for Spot ETF"},"content":{"rendered":"<p>What Will the SEC Decide for Spot ETF? The DC Circuit, one of the 13 appellate courts in the US, ratified the decision against the SEC in the Grayscale case and formally initiated the process. From now on, the SEC will reconsider its ETF decision against Grayscale in line with the court&#8217;s decision.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-will-sec-decide-for-spot-etfs\/#Will_SEC_Decisions_Be_Reviewed_Again\" title=\"Will SEC Decisions Be Reviewed Again?\">Will SEC Decisions Be Reviewed Again?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-will-sec-decide-for-spot-etfs\/#What_Will_Happen_to_Grayscales_GBTC\" title=\"What Will Happen to Grayscale&#8217;s GBTC?\">What Will Happen to Grayscale&#8217;s GBTC?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Will_SEC_Decisions_Be_Reviewed_Again\"><\/span>Will SEC Decisions Be Reviewed Again?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The appellate court&#8217;s statement supports the court ruling that the SEC should review its decision regarding spot bitcoin ETF.<br \/>\nAs you may recall, the request of <a href=\"https:\/\/www.grayscale.com\/\" target=\"_blank\" rel=\"noopener\">Grayscale<\/a> to convert its GBTC shares into ETFs was refused by the SEC last June. On the day the rejection was issued, Grayscale sued the SEC, a government agency.<\/p>\n<p>The decision of that lawsuit was in favor of Grayscale in August (2023). The court did not accept SEC&#8217;s opinion that it finds spot Bitcoin ETFs manipulative compared to futures ETFs, and stated that both types of ETFs are similar in terms of price. As per the decision, the SEC was asked to review its rejection. The SEC did not object to this decision and essentially accepted its mistake.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Will_Happen_to_Grayscales_GBTC\"><\/span>What Will Happen to Grayscale&#8217;s GBTC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Experts are confident that the institution will accept Grayscale&#8217;s ETF application from now on. The approval of Bitcoin spot ETF applications made by other companies is also expected in the first quarter of 2024.<\/p>\n<blockquote><p><strong>You might like:<\/strong> <a href=\"https:\/\/coinengineer.net\/blog\/ark-invest-sold-coinbase-and-gbtc-shares\/\"><em><strong>Ark Invest Sold Coinbase and GBTC Shares!!<\/strong><\/em><\/a><\/p><\/blockquote>\n<p>Bitcoin started a tremendous rally after the latest decision on the process by the DC Circuit Court of Appeals. The largest cryptocurrency rose by more than 10% and exceeded $35,000. Bitcoin was last at these levels in May 2022.<\/p>\n<hr \/>\n<p><em>In the comment section, you can freely share your comments and\u00a0 opinions about the topic. Additionally, don\u2019 t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Will the SEC Decide for Spot ETF? The DC Circuit, one of the 13 appellate courts in the US, ratified the decision against the SEC in the Grayscale case and formally initiated the process. From now on, the SEC will reconsider its ETF decision against Grayscale in line with the court&#8217;s decision. Will SEC<\/p>\n","protected":false},"author":2,"featured_media":5903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[534,2151,1096,39,1662],"class_list":["post-5904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin-etf","tag-gbrc","tag-grayscale","tag-sec","tag-spot-bitcoin-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What will SEC decide for Spot ETF - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The appellate court&#039;s statement supports the court ruling that the SEC should review its decision regarding spot bitcoin ETF.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-will-sec-decide-for-spot-etfs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What will SEC decide for Spot ETF - 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