US Court Paves Way for First Bitcoin ETF in Grayscale Ruling

Grayscale Investments LLC got a green light from a federal court to launch the first Bitcoin exchange-traded fund in the US, a watershed moment in the cryptocurrency industry’s quest to tap billions of dollars from everyday investors.

A three-judge appeals panel in Washington on Tuesday overturned a decision by the US Securities and Exchange Commission to block the ETF.

The case is Grayscale v. SEC, 22-1142, US Court of Appeals for the District of Columbia Circuit.

To contact the reporters on this story:
Sabrina Willmer in Washington at swillmer2@bloomberg.net;
Allyson Versprille in Washington at aversprille1@bloomberg.net

To contact the editors …