This Is Low Long Grayscale vs. SEC Battle Over Bitcoin ETF Might Last

Bitcoin Bitcoin ETF ETF Grayscale Investments Legal SEC
Last updated:
Author
Linas Kmieliauskas
Author Categories
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Source: Adobe/dimasobko


A major legal battle between digital asset giant Grayscale Investments and the US Securities and Exchange Commission (SEC) over the rejected application to convert the Grayscale Bitcoin Trust (GBTC), the world’s largest BTC fund, to a spot exchange-trading fund (ETF) might last even two years or longer.

“We can’t be certain about timing, but based on how long federal litigation tends to take – including briefings, oral arguments, and a final court decision – it can typically take anywhere from twelve months to two years, but could be shorter or longer,” Craig Salm, Grayscale’s Chief Legal Officer (CLO), said in a Q&A published by the company.

The litigation has already started as the company said it filed the Petition for Review within an hour of receiving the SEC’s decision.

Also, according to Salm, if Grayscale loses at the appellate level, they would have two options:

  • Seek an “en banc” hearing, where instead of the three randomly selected judges making a decision about our case, the entire group of judges in the D.C. Circuit would weigh in to make a final decision.
  • or appeal to the US Supreme Court.

“If either Grayscale or the SEC lose, either party could appeal the decision to the Supreme Court. If the Supreme Court decided to take the case on, we would proceed with a similar litigation process as in the appellate level: petition for review, briefings, oral arguments, and final decision,” the CLO explained.
____
Learn more: 
Major Bitcoin ETF Legal Battle Begins as Grayscale Sues SEC
Grayscale CEO on Suing SEC

Grayscale CEO Breaks Down Lawsuit Against SEC Over Rejected Bitcoin ETF
Ethereum Futures ETF May Come Before Spot Bitcoin ETF – Analyst

More Articles

Press Releases
Wall Street Pepe Sells Out WEPE Tokens Early, Raising Over $73M – Listing Imminent
2025-02-10 19:51:37
Blockchain News
Deutsche Digital Assets Expands European Presence with New Paris Office
Tanzeel Akhtar
Tanzeel Akhtar
2025-02-10 19:45:42
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors