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BTC ETF One Step Closer To Reality After Court Ruling

Cryptocurrency prices spiked after the U.S. Court of Appeals for the D.C. Circuit ruled in favor of Grayscale Investments in its case against the Securities and Exchange Commission. So reports The New York Times.

The commission initially denied Grayscale an application to create a Bitcoin exchange-traded fund, but the Court of Appeals ruled the denial was improper. Previously, the commission approved funds that “bet on Bitcoin futures,” but had consistently denied applications for exchange-traded funds holding the coin itself.

Read the full article from The New York Times.

 

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