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Judges Express Skepticism of SEC Arguments in Grayscale Bitcoin ETF Hearing

A panel of judges appeared skeptical of the U.S. Securities and Exchange Commission's (SEC) arguments during an appeals court hearing in Grayscale's ongoing bid to convert its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). The company

A panel of judges appeared skeptical of the U.S. Securities and Exchange Commission's (SEC) arguments during an appeals court hearing in Grayscale's ongoing bid to convert its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). The company went to court Tuesday to argue the SEC's denial of its ETF application was "arbitrary," telling the panel of judges that Grayscale is "asking to be regulated" by the SEC through its conversion of GBTC to an ETF.

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