He Bitcoin (BTC) is triggered this Tuesday August 29 to such an extent that It registers its best day in more than five months and touches maximums of two weeks.
The most popular cryptocurrency on the market jumps more than 7% and exceeds US$28,000, after the crypto asset manager Grayscale Bitcoin Trust (GBTC) scored a major court victory against the US Securities and Exchange Commission (SEC) in its efforts to turn its GBTC (over-the-counter) listing application into a Bitcoin ETF.
According to court files dated August 29, the Circuit Judge of the US Court of Appeals Neomi Rao ordered that Grayscale’s petition for review be granted and that the SEC’s order denying GBTC’s listing application be quashed.
Previously, Judge Rao said the SEC had “offered no explanation” as to why Grayscale was wrong.. However, the order does not guarantee the listing of a Grayscale Spot Bitcoin ETF.
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