Grayscale has a 70% chance of winning its lawsuit against the SEC:

Bloomberg senior litigation analyst Elliott Stein believes that Grayscale has a 70% chance of winning its lawsuit against the SEC over the company’s bid to convert the Grayscale Bitcoin Trust (GBTC) to a Bitcoin #ETF.

Grayscale’s odds increased from 40% after the parties’ oral arguments reached completion because “all three judges on the panel appeared to side with Grayscale” based on their “lines of questioning,” Stein said.