RE: TAken profits24 Oct 2023 09:18
It might not
Proactive Investors - Bitcoin (BTC) hit 17-month highs on Tuesday morning following one of the best Mondays on record as the markets digested a double whammy of positive information emerging from Grayscale and the world’s largest asset manager BlackRock (NYSE:BLK).
Grayscale Bitcoin Trust (GBTC) notched up another victory in its long-running dispute with the US Securities and Exchange Commission (SEC), with the DC Court of Appeals directing the regulator to revisit its earlier denial of Grayscale's bid to evolve its bitcoin closed-ended trust into an exchange-traded fund (ETF).
Such a pivotal listing would pave the way for bitcoin's trading on mainstream exchanges, potentially ushering in a wave of institutional capital into the cryptocurrency realm.