Replying to Avatar Derek Ross

Number go Up ๐Ÿ˜ญ I get paid in two days dammit!

Grayscale wants to convert their trust into a spot bitcoin ETF and the SEC kept denying and delaying. So, Grayscale sued. They won.
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William โ‚ฟ Travis 2y ago

What does this mean in terms of their actual EFT application?

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Derek Ross 2y ago

I don't know. The full news hasn't come out yet. The court's decision here is important. They could instruct the SEC to approve the application. The SEC also can appeal.

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๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ) 2y ago

No, they are ordering SEC to reconsider or come up with a better reason to reject their conversion. SEC can always say fuck it and pull the futures ETF.

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Derek Ross 2y ago

They're ordered to review the previously rejected application.