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Grayscale triumphs in a lawsuit against the SEC
Victory in court against the SEC enables Grayscale to transform its Bitcoin Trust (GBTC) into an ETF. This development sent Bitcoin soaring past the $27,000 milestone.
Within a 45-day period, the SEC can petition for a rehearing. Once this time elapses, the court will deliver a final mandate specifying the future course of action. Grayscale vs. SEC: ETF Team Expansion Hints at Hope
Grayscale Investments is gearing up for a potential positive outcome in its lawsuit with the SEC, as it begins hiring for its ETF team. The firm is on the lookout for a "Senior Associate, ETFs" to bolster its ETF business development.
This move comes as the crypto community eagerly awaits a court decision on Grayscale's proposal to convert its GBTC fund into a spot bitcoin ETF.
The outcome could set a precedent for other asset managers seeking approvals for spot bitcoin funds, influencing the future of crypto ETFs. 
Grayscale Urges Simultaneous Green Light for All Bitcoin ETFs
Grayscale Investments has warned the US Securities and Exchange Commission (SEC) that granting approval to certain spot Bitcoin ETF proposals ahead of others could create an "unfairly discriminatory and prejudicial first-mover advantage".
The company's comments follow BlackRock's recent application to launch a spot Bitcoin ETF, which reignited hopes and triggered similar filings from other firms. Grayscale had previously attempted to convert its Bitcoin Trust (GBTC) to an ETF but was denied by the SEC.
The firm now supports the simultaneous approval of all proposed spot Bitcoin ETFs to maintain a level playing field.