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SEC Wonât Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF The SEC was rebuked by a court in August for how it rejected Grayscaleâs application to turn its bitcoin (BTC) trust into an ETF. The regulator wonât appeal that loss, a person familiar with the matter said Friday, boosting the odds the Grayscale Bitcoin Trust (GBTC) can be turned into a more-appealing ETF. BTC's price jumped on the news. The Securities and Exchange Commission wonât appeal a courtâs scathing reversal of its decision not to let Grayscale convert its bitcoin trust into a more investor-friendly exchange-traded fund, according to a person familiar with the matter, possibly clearing the way for the first bitcoin ETF in the U.S. The markets regulator had until midnight Friday to decide on challenging the courtâs decision, but the SEC will let that deadline come and go without appealing, the person said. Reuters reported the news earlier. #ftx #usdr #avalanche #galxe
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Hi Everyone
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HIEveryone
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How KAPE Token works ? Kape block Chain performs user transaction without any third â party intermediatry . ⢠An authorized participant inputs a transactions, which must be authenticated by the technology. ⢠That action creates a block that represents that specific transaction or data. ⢠The block is sent to every computer node in the network. ⢠Authorized nodes verify the transaction and add the block to the existing block chain. ⢠The Update is distributed across the network, which finalizes the transaction. #kape #airdrop
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