{"id":548531,"date":"2023-08-23T11:20:28","date_gmt":"2023-08-23T11:20:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=548531"},"modified":"2024-06-11T08:15:17","modified_gmt":"2024-06-11T08:15:17","slug":"grayscale-spot-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/","title":{"rendered":"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The D.C. Circuit Court of Appeals was expected to give a ruling on <\/span><a href=\"https:\/\/bitcoinist.com\/grayscale-bitcoin-spot-etf-expected-this-friday\/#:~:text=Grayscale's%20lawsuit%20against%20the%20SEC,treatment%20to%20similar%20investment%20vehicles.\" rel=\"nofollow\"><span style=\"font-weight: 400\">Grayscale\u2019s<\/span><\/a><span style=\"font-weight: 400\"> Spot Bitcoin ETF lawsuit against the United States Securities and Exchange Commission (SEC) on August 22 following its failure to do so on August 18. However, the crypto community would have to wait longer as the court has once again failed to make a decision.<\/span><\/p>\n<h2>Court Delays Spot Bitcoin ETF Decision For The Third Time<\/h2>\n<p><span style=\"font-weight: 400\">According to a <\/span><a href=\"https:\/\/twitter.com\/CraigSalm\/status\/90666049?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">tweet<\/span><\/a><span style=\"font-weight: 400\"> by Grayscale\u2019s Chief Legal Officer Craig Salm, the appeal court failed to make a decision regarding his company\u2019s lawsuit against the SEC. However, he pointed out that there were no rulings for that day in what might be a move to quench any notion that the court was intentionally stalling the case.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/robinhood-listing-xrp\/\">Rumors Of Robinhood Listing XRP Take Center Stage On Crypto Twitter<\/a><\/div>\n<p><span style=\"font-weight: 400\">This marks the third delay of the much-anticipated verdict, as the court had previously been expected to give a decision on August <\/span><a href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/67095552?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">15<\/span><\/a><span style=\"font-weight: 400\"> and then August <\/span><a href=\"https:\/\/twitter.com\/CraigSalm\/status\/53424263?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">18<\/span><\/a><span style=\"font-weight: 400\">. So it remains uncertain when a decision could come next as <\/span><a href=\"https:\/\/twitter.com\/SGJohnsson\/status\/99905280?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">legal experts<\/span><\/a><span style=\"font-weight: 400\"> had earlier projected the court to give its verdict this month.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Grayscale\u2019s lawsuit against the SEC dates back to last year when the company <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/grayscale-met-with-the-sec-tried-to-convince-them-to-turn-the-gbtc-into-an-etf\/\"><span style=\"font-weight: 400\">reportedly<\/span><\/a><span style=\"font-weight: 400\"> tried to persuade the Commission to convert its $20 billion Grayscale Bitcoin Trust (GBTC) to a Spot Bitcoin ETF, which the SEC rejected.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following the rejection, Grayscale sued the regulator, arguing that it had acted indiscriminately by not giving its request the same treatment it does to similar investment funds.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Grayscale believes that <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/blackrock-first-spot-bitcoin-etf\/\"><span style=\"font-weight: 400\">Spot Bitcoin ETFs<\/span><\/a><span style=\"font-weight: 400\"> should be approved like Bitcoin futures ETFs. In its final oral argument in March, the crypto firm argued that the SEC\u2019s disapproval order against it was contradictory. It emphasized the regulator\u2019s inconsistency in denying a Spot Bitcoin ETF while approving a Bitcoin futures ETF.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The company further argued that both investment vehicles pose the same risk of fraud and manipulation. It also stated that the pricing of both futures and spot bitcoin markets are \u201c99.9% correlated,\u201d which means they are subject to the same risk.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As such, since the SEC found the CME\u2019s surveillance sharing agreement sufficient enough to protect against the risks in the futures market, it should be able to deem it sufficient to approve Spot Bitcoin ETFs.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/N7LLjqlJ\/\" alt=\"Bitcoin price chart from Tradingview.com (Bitcoin Spot ETF Grayscale)\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">BTC struggles to hold bears at bay | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<h2>Why Grayscale\u2019s Case Could Be A Game Changer<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/grayscale-sec-green-light-all-bitcoin-spot-etfs\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Grayscale<\/span><\/a><span style=\"font-weight: 400\"> is one of several financial firms that have applied to the SEC to offer a Spot Bitcoin ETF. Interestingly, the company filed this application while it awaits a decision from the court regarding its lawsuit against the SEC.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/binance-bitcoin-bnb\/\">Is Binance Really Selling Bitcoin To Prop The Price Of BNB?<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, considering that the SEC has remained <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/sec-prove-bitcoin-is-not-manipulated\/#:~:text=Then%20Prove%20BTC%20Is%20Not%20Manipulated%2C%20Says%20SEC,-by%20Scott%20Matherson&amp;text=With%20multiple%20applications%20for%20a,give%20its%20approval%20or%20otherwise.\"><span style=\"font-weight: 400\">reluctant<\/span><\/a><span style=\"font-weight: 400\"> to approve these applications, a verdict in favor of Grayscale could potentially force the hands of the Commission to finally approve a Spot Bitcoin ETF.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Such a verdict will undoubtedly be a boost for the crypto industry as it would pave the way for institutional investors to have direct access to crypto assets, something which could further spur the mass adoption of cryptocurrencies.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Coin Culture, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale\u2019s Spot Bitcoin ETF lawsuit against the United States Securities and Exchange Commission (SEC) on August 22 following its failure to do so on August 18. However, the crypto community would have to wait longer as the court has once again failed to make a decision. Court Delays Spot Bitcoin ETF Decision For The Third Time According to a tweet by Grayscale\u2019s Chief Legal Officer Craig Salm, the appeal court failed to make a decision regarding his company\u2019s lawsuit against the SEC. However, he pointed out that there were no rulings for that day in what might be a move to quench any notion that the court was intentionally stalling the case. Related Reading: Rumors Of Robinhood Listing XRP Take Center Stage On Crypto Twitter This marks the third delay of the much-anticipated verdict, as the court had previously been expected to give a decision on August 15 and then August 18. So it remains uncertain when a decision could come next as legal experts had earlier projected the court to give its verdict this month.\u00a0 Grayscale\u2019s lawsuit against the SEC dates back to last year when the company reportedly tried to persuade the Commission to convert its $20 billion Grayscale Bitcoin Trust (GBTC) to a Spot Bitcoin ETF, which the SEC rejected.\u00a0 Following the rejection, Grayscale sued the regulator, arguing that it had acted indiscriminately by not giving its request the same treatment it does to similar investment funds.\u00a0 Grayscale believes that Spot Bitcoin ETFs should be approved like Bitcoin futures ETFs. In its final oral argument in March, the crypto firm argued that the SEC\u2019s disapproval order against it was contradictory. It emphasized the regulator\u2019s inconsistency in denying a Spot Bitcoin ETF while approving a Bitcoin futures ETF. The company further argued that both investment vehicles pose the same risk of fraud and manipulation. It also stated that the pricing of both futures and spot bitcoin markets are \u201c99.9% correlated,\u201d which means they are subject to the same risk.\u00a0 As such, since the SEC found the CME\u2019s surveillance sharing agreement sufficient enough to protect against the risks in the futures market, it should be able to deem it sufficient to approve Spot Bitcoin ETFs. BTC struggles to hold bears at bay | Source: BTCUSD on Tradingview.com Why Grayscale\u2019s Case Could Be A Game Changer Grayscale is one of several financial firms that have applied to the SEC to offer a Spot Bitcoin ETF. Interestingly, the company filed this application while it awaits a decision from the court regarding its lawsuit against the SEC.\u00a0 Related Reading: Is Binance Really Selling Bitcoin To Prop The Price Of BNB? However, considering that the SEC has remained reluctant to approve these applications, a verdict in favor of Grayscale could potentially force the hands of the Commission to finally approve a Spot Bitcoin ETF.\u00a0 Such a verdict will undoubtedly be a boost for the crypto industry as it would pave the way for institutional investors to have direct access to crypto assets, something which could further spur the mass adoption of cryptocurrencies. Featured image from Coin Culture, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":548533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[532,656,14690,89193,7523,89192,3799,89194,84647],"class_list":["post-548531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-etf","tag-bitcoin-news","tag-crypto-news","tag-etf-news","tag-grayscale","tag-grayscale-news","tag-sec","tag-sec-news","tag-spot-bitcoin-etf"],"acf":[],"yoast_head":"\n<title>The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF<\/title>\n<meta name=\"description\" content=\"The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale\u2019s Spot Bitcoin ETF lawsuit against the SEC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF\" \/>\n<meta property=\"og:description\" content=\"The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale\u2019s Spot Bitcoin ETF lawsuit against the SEC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-23T11:20:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:15:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570\" \/>\n\t<meta property=\"og:image:width\" content=\"1095\" \/>\n\t<meta property=\"og:image:height\" content=\"570\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF\",\"datePublished\":\"2023-08-23T11:20:28+00:00\",\"dateModified\":\"2024-06-11T08:15:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570\",\"keywords\":[\"Bitcoin ETF\",\"Bitcoin news\",\"crypto news\",\"ETF news\",\"grayscale\",\"Grayscale News\",\"sec\",\"SEC news\",\"Spot Bitcoin ETF\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/\",\"url\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/\",\"name\":\"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570\",\"datePublished\":\"2023-08-23T11:20:28+00:00\",\"dateModified\":\"2024-06-11T08:15:17+00:00\",\"description\":\"The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale\u2019s Spot Bitcoin ETF lawsuit against the SEC.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570\",\"width\":1095,\"height\":570,\"caption\":\"Spot Bitcoin ETF Grayscale\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/uniquehot.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF","description":"The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale\u2019s Spot Bitcoin ETF lawsuit against the SEC.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/","og_locale":"en_US","og_type":"article","og_title":"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF","og_description":"The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale\u2019s Spot Bitcoin ETF lawsuit against the SEC.","og_url":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-08-23T11:20:28+00:00","article_modified_time":"2024-06-11T08:15:17+00:00","og_image":[{"width":1095,"height":570,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF","datePublished":"2023-08-23T11:20:28+00:00","dateModified":"2024-06-11T08:15:17+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/"},"wordCount":535,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570","keywords":["Bitcoin ETF","Bitcoin news","crypto news","ETF news","grayscale","Grayscale News","sec","SEC news","Spot Bitcoin ETF"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/","url":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/","name":"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570","datePublished":"2023-08-23T11:20:28+00:00","dateModified":"2024-06-11T08:15:17+00:00","description":"The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale\u2019s Spot Bitcoin ETF lawsuit against the SEC.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570","width":1095,"height":570,"caption":"Spot Bitcoin ETF Grayscale"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF","url":"http:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/grayscale-spot-bitcoin-etf\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin etf","bitcoin news","crypto news","etf news","grayscale","grayscale news","sec","sec news","spot bitcoin etf"],"dateCreated":"2023-08-23T11:20:28Z","datePublished":"2023-08-23T11:20:28Z","dateModified":"2024-06-11T08:15:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/grayscale-spot-bitcoin-etf\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/grayscale-spot-bitcoin-etf\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Spot-Bitcoin-ETF-Grayscale.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin etf\",\"bitcoin news\",\"crypto news\",\"etf news\",\"grayscale\",\"grayscale news\",\"sec\",\"sec news\",\"spot bitcoin etf\"],\"dateCreated\":\"2023-08-23T11:20:28Z\",\"datePublished\":\"2023-08-23T11:20:28Z\",\"dateModified\":\"2024-06-11T08:15:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Spot-Bitcoin-ETF-Grayscale.jpeg?fit=1095%2C570","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/548531"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=548531"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/548531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/548533"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=548531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=548531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=548531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}