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Pundits suggest possibility of Grayscale Bitcoin ETF decision this week

Pundits suggest possibility of Grayscale Bitcoin ETF decision this week

– Grayscale Investments may receive a decision on its lawsuit against the federal securities regulator regarding its Bitcoin trust before the end of the week.

– The timing of the decision is speculated to be influenced by the cycle of law clerks in the United States District Courts, who typically rotate out in August.

– There are only a small number of unresolved cases from March that remain, including Grayscale’s.

– Bloomberg analyst James Seyffart suggests that the decision could come as early as August 15, but it is an educated guess.

– Grayscale sued the SEC after its application to convert its GBTC to a spot Bitcoin ETF was rejected.

– Industry commentators, including Cathie Wood and Nate Geraci, have predicted that Grayscale will win the lawsuit.

– Grayscale has called for simultaneous approval of all Bitcoin spot ETF applications to ensure fairness among applicants.

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