According to CoinDesk, Bloomberg Intelligence's litigation analysts said in a report on Wednesday that Grayscale's victory could pave the way for the company to convert its GBTC into the first spot Bitcoin ETF in the United States. This transformation will allow redemption of fund shares, making Alameda's lawsuit unnecessary. It is reported that Alameda filed a lawsuit against Grayscale in March this year, accusing it of preventing holders from redeeming their Bitcoin and Ethereum trust shares at the expense of the interests of holders and charging high management fees.