The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing Rights
NEW YORK, Oct 13 (Reuters) – The U.S. Securities and Exchange Commission will not appeal a recent court ruling that found it was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund, said a source familiar with the matter.
The decision sets the stage for the agency to reexamine Grayscale’s proposal.
Reporting by Chris Prentice and Hannah Lang
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