Yahoo Finance reporters Alexis Keenan and David Hollerith break down a Federal Appeals Court's decision that the Securities & Exchange Commission must reconsider Grayscale's bid to convert its Grayscale Bitcoin Trust (GBTC) into an ETF. The court ruled that the SEC's rejection of the conversion was "arbitrary and capricious because the Commission failed to explain its different treatment of similar products." #SEC #bitcoin #stockmarket
About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
