Elliott Stein, senior litigation analyst at Bloomberg Intelligence, shares his insights from a court hearing this week on the SEC’s rejection of Grayscale’s bid to convert GBTC into a spot bitcoin ETF. Stein says federal appellate court judges seemed skeptical of the SEC’s arguments for why bitcoin futures ETFs are OK while bitcoin spot ETFs aren’t. Who’s likely to win the case and what does it mean for the crypto industry as a whole?
Show highlights:
Crypto.com
Railgun DAO
Previous coverage of Unchained on Grayscale and GBTC:Elliott Stein, Senior Litigation Analyst for the Financials Sector at Bloomberg Intelligence
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